GOGL - Interim Results for the Quarter and Half Year ended June 30, 2010
(Thomson Reuters ONE) -
Golden Ocean Group Limited (the "Company" or "Golden Ocean") reports profit of
$26.9 million and earnings per share of $0.06 for the second quarter of 2010.
This compares with profit and earnings per share of $101.3 million and $0.22
respectively for the second quarter of 2009. Total operating revenues for the
second quarter were $126.5 million, total operating expenses were $93.5 million
and net other loss was $0.5 million. The Company reports profit of $50.7 million
and earnings per share of $0.11 for the interim six months result. This compares
with profit and earnings per share of $117.8 million and $0.51 for the interim
six months result in 2009.
Cash and cash equivalents increased by $58.1 million during the quarter. The
Company generated cash from operating activities of $44.1 million and generated
$28.1 million in investing activities. Investing activities include part
payments on new buildings of $32.0 million. The Company used $14.0 million on
financing activities during the quarter. This includes proceeds from the long
term debt of $59.4 million, repayment of debt of $60.2 million (of which $6.3
million was repayment of regular instalments) and dividend payment of $11.4
million.
At June 30, 2010 the total number of shares outstanding in Golden Ocean was
456,990,107 of $0.10 par value each.
On August 26, 2010 the Board has declared a dividend of $0.05 per share. The
record date for the dividend is September 13, 2010, ex dividend date is
September 9, 2010 and the dividend will be paid on or about September 27, 2010.
The full report is available in the link below.
August 26, 2010
The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda
Questions should be directed to:
Herman Billung: CEO Golden Ocean Management AS
+47 22 01 73 40
Birgitte Ringstad Vartdal: CFO Golden Ocean Management AS
+47 22 01 73 53
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1440411]
Q2 2010 Result:
http://hugin.info/135378/R/1440411/384830.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: Golden Ocean Group via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 26.08.2010 - 07:35 Uhr
Sprache: Deutsch
News-ID 40108
Anzahl Zeichen: 0
contact information:
Town:
Hamilton
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 209 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"GOGL - Interim Results for the Quarter and Half Year ended June 30, 2010"
steht unter der journalistisch-redaktionellen Verantwortung von
Golden Ocean Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
