🕔11/5/2008 7:07:00 PM
Belships ASA (OSL:BEL) RESULTS Belships' operating income in Q3 amounted to USD 22,569,000 (Q3 2007: USD 15,323,000). The company's operating result amounted to USD 7,459,000 (USD 2,720,000). The increase in operating income is related to Elkem Chartering's handysize operations and includes recognition of USD 3.5 million in income received in connection with the cancellation of a charter party. The result after tax for Q3 amounted to USD 5,024,000 (USD 2,060,000). The result after tax for the first three quarters of the year amounted to USD 13,366,000 (USD 11,996,000). The accounts for the period 1 January to 30 September have been prepared in accordance with IAS 34 Interim Financial Reporting. The information in the interim report provides a correct picture of the company's and the group's assets, liabilities, financial position and result as a whole, and provides a corrective overview of the information listed in the Norwegian Securities Trading Act, section 5-6, subsection four.
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