Last 4.80 NOK
Change Today 0.00 / 0.00%
Volume 8.5K
BEL On Other Exchanges
Symbol
Exchange
Oslo
Berlin
As of 10:25 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

belships asa (BEL) Snapshot

Open
4.72 NOK
Previous Close
4.80 NOK
Day High
4.80 NOK
Day Low
4.72 NOK
52 Week High
12/23/13 - 7.00 NOK
52 Week Low
10/28/14 - 4.44 NOK
Market Cap
227.3M
Average Volume 10 Days
2.5K
EPS TTM
-0.03 NOK
Shares Outstanding
47.4M
EX-Date
05/9/14
P/E TM
--
Dividend
0.05 NOK
Dividend Yield
1.04%
Current Stock Chart for BELSHIPS ASA (BEL)

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belships asa (BEL) Details

Belships ASA operates as a shipping company worldwide. It owns and operates dry bulk ships on long-term charter. The company is engaged in the transportation of semifinished industry products through a fleet of three Supramax dry bulk carriers. It also provides technical maritime management services for approximately 20 ships; and crewing services. The company was founded in 1918 and is headquartered in Oslo, Norway. Belships ASA is a subsidiary of Sonata AS.

564 Employees
Last Reported Date: 04/10/14
Founded in 1918

belships asa (BEL) Top Compensated Officers

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belships asa (BEL) Key Developments

Belships ASA Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment of Noncurrent Assets for the Third Quarter of 2014

Belships ASA announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating income was $5,292,000 compared to $6,565,000 for the same period a year ago. Operating result (EBITDA) was $2,168,000 compared to $2,390,000 for the same period a year ago. Operating loss was $2,126,000 compared to $1,402,000 for the same period a year ago. Loss before taxes was $2,613,000 compared to $2,009,000 for the same period a year ago. Net loss was $2,618,000 compared to $2,019,000 for the same period a year ago. Loss attributable to majority interests was $2,626,000 compared to $2,002,000 for the same period a year ago. Diluted loss per share was 5.53 cents compared to 4.26 cents for the same period a year ago. The decrease in operating income is mainly related to M/T Belaia, which was redelivered in the beginning of March 2014. The decrease in operating result is explained by impairment of ship values. For the nine months, the company reported operating income was $16,595,000 compared to $19,293,000 for the same period a year ago. Operating result (EBITDA) was $6,146,000 compared to $6,990,000 for the same period a year ago. Operating loss was $141,000 compared to $1,068,000 for the same period a year ago. Loss before taxes was $2,016,000 compared to $716,000 for the same period a year ago. Net loss was $2,019,000 compared to $850,000 for the same period a year ago. Loss attributable to majority interests was $2,072,000 compared to $886,000 for the same period a year ago. Diluted loss per share was 4.26 cents compared to 0.74 cents for the same period a year ago. Net cash flow from operating activities was $4,454,000 compared to $4,468,000 for the same period a year ago. Prepayment newbuilding contracts were $8,475,000 compared to $5,650,000 for the same period a year ago. Book value per share was NOK 8.93 compared to NOK 8.51 at the same period a year ago. The company reported impairment of noncurrent assets of $3,200,000 for the third quarter of 2014 compared to $2,700,000 for the same period a year ago.

Belships ASA Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half of 2014

Belships ASA announced unaudited consolidated earnings results for the second quarter and first half of 2014. For the quarter, operating income was USD 5,224,000 against USD 6,397,000 of prior year period. EBITDA was USD 1,764,000 against USD 2,411,000 of prior year period. EBIT was USD 768,000 against USD 1,342,000 of prior year period. Profit before taxes was USD 276,000 against USD 720,000 of prior year period. Net income was USD 304,000 or 0.64 cents basic and diluted earnings per share compared to USD 675,000 or 2.72 cents basic and diluted earnings per share for the corresponding period last year. For the six months, operating income was USD 11,303,000 against USD 12,728,000 of prior year period. The decrease in operating income is mainly related to M/T Belaia, which was redelivered in the beginning of March 2014. EBITDA was USD 3,885,000 against USD 4,600,000 of prior year period. EBIT was USD 1,892,000 against USD 2,470,000 of prior year period. Profit before taxes was USD 597,000 against USD 1,293,000 of prior year period. Net income was USD 599,000 or 1.26 cents basic and diluted earnings per share compared to USD 1,169,000 or 4.7 cents basic and diluted earnings per share for the corresponding period last year. Net cash flow from operations was USD 3,488,000 against USD 2,864,000 of prior year period. Book value per share as of first half of 2014 was NOK 8.86 against NOK 13.39 as of first half of 2013.

Belships ASA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Belships ASA reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total operating income of $6,079,000 compared to $6,331,000 a year ago. Operating profit was $1,124,000 compared to $1,128,000 a year ago. Profit before tax was $321,000 compared to $573,000 a year ago. Profit for the period was $295,000 compared to $494,000 a year ago. Earnings per share was $0.01 compared to $0.02 a year ago. EBITDA was $2.1 million compared to $2.2 million a year ago. Net debt was $36,111,000. Net cash flow from operating activities was $947,000 compared to $1,191,000 a year ago.

 

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