NORDEN sells two product tankers and increases profit guidance

04 Oct 2007

The Company has agreed to sell 2 product tankers.

The total profit at EBIT level is approximately USD 50 million of which USD 25 will be recognised in the fourth quarter of 2007 and USD 25 million in 2008.

The Company’s adjusted expectations for the annual result for 2007 will be USD 560-590 million including profit from the sale of vessels of USD 165 million and positive fair value adjustments of certain hedging instruments of USD 2 million.

Announcement No 36 (12.7 Kb)