Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Camillo Eitzen & Co ASA Camillo Eitzen & Co ASA (CECO) refers to announcement of 7 April regarding sale of the two bulk vessels "Sibulk Innovation" and "Sibulk Quality". The sales have been completed according to plan, and the last vessel was delivered to new owners today.
Total sale price for the two vessels was USD 145.5 million. The sale generates a gross profit of USD 103 million. In 3rd quarter CECO expects to book an estimated profit on the sale of the vessels of about USD 49 million, after provisions for contract commitments and profit split agreement.
Axel C. Eitzen Chief Executive Officer Tel: + (47) 24 00 61 00
