Notice of Ordinary Annual General Meeting - Annual Report 2010
(Thomson Reuters ONE) -
IMSK - Notice of Ordinary Annual General Meeting - Annual Report 2010
IMSK - Notice of Ordinary Annual General Meeting
The Ordinary Annual General Meeting of the shareholders will be convened on
Friday, 18th March 2011, at 16.00 at the Company's offices at Karenslyst Allè
8B, Skøyen, Oslo.
IMSK - Annual Report 2010
I.M. Skaugen SE has today posted its audited Annual Report 2010 on
www.skaugen.com. Notice for ordinary general meeting on the 18 March 2011 was
also sent to the shareholders by regular mail today. The notice is also posted
on company's website.
The company has recorded changes from the preliminary unaudited results on
January 14th.
For the year, I.M. Skaugen Group (IMS) reported a net loss of USD 14.9 million
(profit of USD 10.1 million in 2009). The final result is USD2 million below
what was reported in preliminary result, mainly due to exchange loss related to
valuations of cross currency swaps and bonds (USD1.3 million) and higher
calculation of payable tax (USD0.4 mill).
The EBITDA was as reported in the preliminary unaudited result USD 14.9 million
(USD 24.2 million in 2009).
The Group's gross revenues totaled USD 117 million (USD108 million in 2009). The
gross revenue is USD13 million higher than reported in the preliminary unaudited
results due to increase in revenues from the three vessels under construction
recognized using the percentage of completion method. USD 13 million is also
charged to Cost of goods sold and consequently no impact on the EBITDA and
result.
The book equity totaled USD78.7 million.
I.M. Skaugen SE
If you have any questions, please contact:
Bente Flø, Chief Financial Officer, on telephone
+47 23 12 03 30/+47 91 64 56 08 or by e-mail: bente.flo(at)skaugen.com. This press
release is also available on the Internet at our website:
http://www.skaugen.com.
Listed on the Oslo Stock Exchange under the ticker code IMSK, I.M. Skaugen SE
(IMS) is a marine transportation service company engaged in the hassle-free
transportation of petrochemical gases, chemicals, LPG and LNG, marine transfer
of crude oil and LNG, as well as design and construction of smaller, specialised
high quality vessels.
IMS is a fully-integrated shipping company that designs, builds, owns, mans and
manages its own ships. IMS customers are major international companies in the
oil and petrochemical industry, whom it serves worldwide from locations in
Bahrain, Fujairah (UAE), Freeport and Houston (USA), Oslo (Norway), Singapore,
Sunderland (UK) and Nanjing, Shanghai, Taizhou, Zhangjiagang and Wuhan (China).
We also operate recruitment and training programmes in St.Petersburg (Russia)
and Wuhan (China) for the crewing of vessels.
IMS employs approximately 2,000 people around the world and currently operates
about 41 vessels worldwide. The fleet comprises petrochemical gas, LPG and LNG
carriers, Aframax tankers and lightering support vessels, barges and tugs.
IMS has a newbuilding programme in China, of which three 3,200cbm LPG vessels
are delivered and sold; three purposedesigned combination carriers with
LPG/Ethylene/VCM and Organic chemicals carrying capability; and up to ten
advanced 10,000-12,000cbm LNG/ LPG/Ethylene gas carriers, with delivery from
2009 to 2011. IMS has invested and built up internal resources and
infrastructure in China to ensure innovative and flexible vessels at lower cost.
Annual Report Eng:
http://hugin.info/179/R/1492532/428342.pdf
Notice of AGM 2011:
http://hugin.info/179/R/1492532/428345.pdf
Annual Report Nor:
http://hugin.info/179/R/1492532/428343.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.
Source: I. M. Skaugen SE via Thomson Reuters ONE
[HUG#1492532]
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2011 - 15:38 Uhr
Sprache: Deutsch
News-ID 51925
Anzahl Zeichen: 4820
contact information:
Town:
Oslo
Kategorie:
Business News
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