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GC Rieber Shipping: Second quarter results 2023

Tuesday, 22 August 2023 | 20:00

Operating income from continuing operations was NOK 0.2 million in the second quarter of 2023, compared to NOK 2.3 million in the corresponding period of 2022. EBITDA from continuing operations was negative NOK 12.2 million for the second quarter of 2023, compared to a positive EBITDA of NOK 35,6 million from the second quarter of 2022. Net profit from continuing operations was NOK 97.6 million in the second quarter of 2023, including an adjustment in book value of the shares in Shearwater of NOK 103.8 million. Net profit from continuing operations was positive NOK 66.0 million in the corresponding period of 2022.

“We are pleased to see our Windkeeper project progress as planned. Steel cutting for the first newbuild has been conducted and the project team organisation is well established. Demand for service operation vessels in 2025 and 2026 is picking up, which bodes well for our Windkeeper vessels ready for operation in the first half of 2025”, Einar Ytredal, CEO of GC Rieber Shipping comments.
Source: GC Rieber Shipping

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