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INTERIM RESULTS: THIRD QUARTER - 2005

[First published: Thursday 10 November 2005 8:36:46 am]

Highlights of the Q3 results from International Maritime Exchange ASA:

 

 

  • Group operating revenue of the third quarter of 2005 was NOK 29.7 million (38.0)
  • Profit before taxes was NOK 17.1 million (17.9), including an operating profit of NOK 5.0 million (17.9) and net financial items of NOK 12.1 million (0)
  • A market based valuation of the investment in NOS ASA shares, according to IFRS, has a NOK 12.0 million positive effect on the third quarter financial items and a NOK 20.0 million positive effect on year to date financial items.  This interpretation has no cash effects
  • The number of trades was 1 744 (1 416), the number of lots traded was 57 550 (75 311) and nominal trade value was USD 979 million (1 318) partly due to weaker underlying shipping markets
  • Imarex sees an increased proportion of screen based trading and a higher number of principals using the trading screen in the dry cargo segment
  • The number of exchange and clearing members at the end of the quarter was 102 (73), up by 8 (9 %) in the last quarter and by 27 (36 %) year to date
  • No substantial effects were seen from new competition in trading or clearing

 

For full details including the Interim Results Report and Investor Presentation held 10 November in Oslo, please click here.

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