KCC reports an exceptional quarter in Q2 2022 with TCE earnings delivering the highest rates for over a decade. With the highest fuel prices in decades, KCC’s market leading energy and trading efficiency strategy proved its value in a quarter that also saw continued improvements in emission performance and a substantially expanded CLEANBU customer base, adds Dahm.
Highlights for second quarter 2022:
• Q2 average fleet TCE earnings of 30 235 $/day, the highest rates since 2011
• All-time high quarterly results with EBT of USD 16.2 million and EBITDA of USD 26.6 million
• Six new CLEANBU Clean Petroleum Product customers secured YTD
• Continued improvement in emissions performance
• Dividend of USD 0.23 per share (USD 12 million), 28% increase from Q1 2022
APM: TCE earnings per on-hire day is an alternative performance measure (APM), further described and reconciled in the quarterly report for Q2 2022, appendix 1.
View Q2 2022 Report
View Q2 2022 Presentation
Invitation to presentation of Q2 2022 financial results:
In connection with the release of financial results for the second quarter of 2022, Klaveness Combination Carriers ASA (“KCC”) will hold a webcast presentation at 09:00 CEST on Friday 26 August.
Source: Klaveness Combination Carriers ASA