Golden Ocean - MISCELLANEOUS :: Q2 2012 PRESENTATION
Announcement Type: MISCELLANEOUS
Company: GOLDEN OCEAN GROUP LIMITED
Stock Code/Name: KU3 - Golden Ocean
Company: GOLDEN OCEAN GROUP LIMITED
Stock Code/Name: KU3 - Golden Ocean
| MISCELLANEOUS |
| * Asterisks denote mandatory information |
| Name of Announcer * | GOLDEN OCEAN GROUP LIMITED |
| Company Registration No. | N.A. |
| Announcement submitted on behalf of | GOLDEN OCEAN GROUP LIMITED |
| Announcement is submitted with respect to * | GOLDEN OCEAN GROUP LIMITED |
| Announcement is submitted by * | Per Heiberg |
| Designation * | VP Finance |
| Date & Time of Broadcast | 21-Aug-2012 15:40:05 |
| Announcement No. | 00037 |
| >> ANNOUNCEMENT DETAILS |
| The details of the announcement start here ... |
| Announcement Title * | Q2 2012 Presentation |
| Description |
|
| Attachments |
Total size = 1664K (2048K size limit recommended) |
Golden Ocean - SECOND QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Announcement Type: FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Company: GOLDEN OCEAN GROUP LIMITED
Stock Code/Name: KU3 - Golden Ocean
Company: GOLDEN OCEAN GROUP LIMITED
Stock Code/Name: KU3 - Golden Ocean
| SECOND QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT |
| * Asterisks denote mandatory information |
| Name of Announcer * | GOLDEN OCEAN GROUP LIMITED |
| Company Registration No. | N.A. |
| Announcement submitted on behalf of | GOLDEN OCEAN GROUP LIMITED |
| Announcement is submitted with respect to * | GOLDEN OCEAN GROUP LIMITED |
| Announcement is submitted by * | Per Heiberg |
| Designation * | VP Finance |
| Date & Time of Broadcast | 21-Aug-2012 14:03:31 |
| Announcement No. | 00034 |
| >> ANNOUNCEMENT DETAILS |
| The details of the announcement start here ... |
| For the Financial Period Ended * | 30-06-2012 |
| Description | GOGL – Interim Second Quarter and First Half Year 2012 Results Highlights • Golden Ocean generates second quarter 2012 EBITDA before impairment* of $25.7 million • Golden Ocean reports profit of $6.4 million for the second quarter of 2012 • The Company assigned the construction contract for Golden Emerald to a third party in May 2012 • In July 2012 the Company came to an agreement with Jinhaiwan to accept delayed delivery of three vessels against a reduction in the contract price for these vessels *EBITDA before impairments is equal to operating profit plus depreciations (including impairment related to vessels) and amortisation. Second Quarter and First Half Year 2012 Results Golden Ocean Group Limited (the “Company” or “Golden Ocean”) reports profit of $6.4 million and earnings per share of $0.01 for the second quarter of 2012. This compares with profit and earnings per share of $13.0 million and $0.03 respectively for the first quarter of 2012. Total operating revenues for the second quarter were $64.1 million, total operating expenses were $47.7 million and other gains/losses net were a loss of $1.9 million. Net financial items were negative with $8.0 million. The Company reports a profit of $19.4 million and earnings per share of $0.04 for the first half of 2012. Total operating revenues were $117.5 million, total operating expenses were $85.7 million and other gain/losses net were negative with $1.9 million. Net financial for the first half of 2012 was negative with $10.5 million. The profit for the period of $6.4 million is a decrease of $6.6 million compared to last quarter. The operating revenues increased by $10.6 million, and the operating expenses increased by $9.7 million. Total other gains/ (losses) net decreased by $1.9 million. This leads to a reduction in net operating income of $1.0 million since the first quarter. The increase in earnings is both related to vessel in dock in Q1 and higher activity in the short term portfolio. At the same time the vessel on index has received lower earnings and Golden Strength finished the winter charter. The Company has also made a provision for the unpaid hire from Sanko in relation to Golden Feng of $3.6 million. The Company has further taken impairment in the second quarter of $13.4 million in relation to Golden Feng. At the same time the Company has reversed impairment in relation to the vessel Golden Nantong of $10.5 million and hence the impairment in the quarter is therefore booked as $2.9 million. Net financial items decreased by $5.5 million from last quarter. In second quarter the Company booked a loss on the yen lease, while this was a profit in the first quarter. In addition, the Company has stopped receiving dividends from KTL following the sale of the investment, which accounted for $1.2 million profit in the first quarter. Cash and cash equivalents decreased by $15.9 million during the quarter. The Company generated cash from operating activities of $32.5 million during the quarter. The Company paid $2.4 million in installments, docking and other predelivery costs in the quarter and received $14.9 million for sale of construction contract. Financing activities were negative with $62.5 million in the quarter. There was $1.6 million of draw down on long term debt related to the newbuildings in the quarter, while ordinary and extraordinary repayments of long term debt amounted to $56.1 million. The full report is available in the link below. August 21, 2012 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 41 Birgitte Ringstad Vartdal: CFO Golden Ocean Management AS +47 22 01 73 53 |
| Attachments |
Total size = 135K (2048K size limit recommended) |
Lian Beng - MISCELLANEOUS :: AWARD OF CONTRACT WORTH APPROXIMATELY S$169 MILLION
Announcement Type: MISCELLANEOUS
Company: LIAN BENG GROUP LTD
Stock Code/Name: L03 - Lian Beng
Company: LIAN BENG GROUP LTD
Stock Code/Name: L03 - Lian Beng
| MISCELLANEOUS |
| * Asterisks denote mandatory information |
| Name of Announcer * | LIAN BENG GROUP LTD |
| Company Registration No. | 199802527Z |
| Announcement submitted on behalf of | LIAN BENG GROUP LTD |
| Announcement is submitted with respect to * | LIAN BENG GROUP LTD |
| Announcement is submitted by * | Ong Pang Aik |
| Designation * | Chairman and Managing Director |
| Date & Time of Broadcast | 21-Aug-2012 17:17:36 |
| Announcement No. | 00067 |
| >> ANNOUNCEMENT DETAILS |
| The details of the announcement start here ... |
| Announcement Title * | AWARD OF CONTRACT WORTH APPROXIMATELY S$169 MILLION |
| Description |
|
| Attachments |
Total size = 924K (2048K size limit recommended) |
Tee Intl - MISCELLANEOUS :: PRESS RELEASE
Announcement Type: MISCELLANEOUS
Company: TEE INTERNATIONAL LIMITED
Stock Code/Name: M1Z - Tee Intl
Company: TEE INTERNATIONAL LIMITED
Stock Code/Name: M1Z - Tee Intl
| MISCELLANEOUS |
| * Asterisks denote mandatory information |
| Name of Announcer * | TEE INTERNATIONAL LIMITED |
| Company Registration No. | 200007107D |
| Announcement submitted on behalf of | TEE INTERNATIONAL LIMITED |
| Announcement is submitted with respect to * | TEE INTERNATIONAL LIMITED |
| Announcement is submitted by * | YEO AI MEI |
| Designation * | COMPANY SECRETARY |
| Date & Time of Broadcast | 21-Aug-2012 17:57:00 |
| Announcement No. | 00102 |
| >> ANNOUNCEMENT DETAILS |
| The details of the announcement start here ... |
| Announcement Title * | PRESS RELEASE |
| Description |
|
| Attachments |
Total size = 373K (2048K size limit recommended) |
MapletreeInd - MISCELLANEOUS :: MAPLETREE INDUSTRIAL TRUST INVESTOR PRESENTATION - AUGUST 2012
Announcement Type: MISCELLANEOUS
Company: MAPLETREE INDUSTRIAL TRUST
Stock Code/Name: ME8U - MapletreeInd
Company: MAPLETREE INDUSTRIAL TRUST
Stock Code/Name: ME8U - MapletreeInd
| MISCELLANEOUS |
| * Asterisks denote mandatory information |
| Name of Announcer * | MAPLETREE INDUSTRIAL TRUST MANAGEMENT LTD. |
| Company Registration No. | 201015667D |
| Announcement submitted on behalf of | MAPLETREE INDUSTRIAL TRUST |
| Announcement is submitted with respect to * | MAPLETREE INDUSTRIAL TRUST |
| Announcement is submitted by * | Wan Kwong Weng |
| Designation * | Joint Company Secretary |
| Date & Time of Broadcast | 21-Aug-2012 07:18:50 |
| Announcement No. | 00006 |
| >> ANNOUNCEMENT DETAILS |
| The details of the announcement start here ... |
| Announcement Title * | Mapletree Industrial Trust Investor Presentation - August 2012 |
| Description |
|
| Attachments |
Total size = 1713K (2048K size limit recommended) |
No comments:
Post a Comment