(Source: IM Skaugen ASA) The I.M. Skaugen Group (IMSK) had a negative result for 2014 of USD27.1 mill, compared to a positive USD18.4 mill for 2013. The EBIT for the Norgas segment for 2014 was a negative USD8.5 mill, compared to positive USD30.6 mill for 2013. SUMMARY 2014 During the year we reduced net debt to USD70.9 mill (2013: USD94.2 mill) and the net interest bearing debt level for the group to USD96.1 mill (2013: USD117.3 mill). Through our ability to repay debt and the sale leaseback agreements for two vessels, we have managed to lower our financial expenses with about USD 4 mill in 2014 compared with 2013. The book value of the outstanding long term bond debt has been reduced with...
↧