Interim Report 1 January-30 June 2011

16 August 2011

Business operations proceeding according to plan. Three ships were taken in for scheduled drydock in the second quarter.

The tenth P-MAX tanker was delivered during the second quarter. The newbuilding program now consists of one suezmax tanker.

Continuing good availability of liquid funds, SEK 636.6 (709.7) million.

Forecast for 2011: result before tax of USD 10-13 million, approx. SEK 65-85 million, depending on how the open market develops in 2011.

• Net sales, SEK 276.1 (240.0) million
• Result after tax, SEK 38.8 (43.8) million
• Result per share, SEK 0.81 (0.92)
• EBITDA, USD 17.4 (14.8) million
• Available liquid funds1), SEK 636.6 (709.7) million
• 1)Including unutilized credit facilities

Read the complete report at www.concordia-maritime.se

Concordia Maritime press release