Total revenues in the quarter were USD 28.5 million (USD 28.9 million). EBITDA was USD 13.6 million (USD 9.8 million).
After depreciation on vessels of USD 7.1 million (USD 7.1 million), the operating result (EBIT) was USD 6.5 million (loss USD 2.7 million).
Net financial expenses were USD 1.7 million (USD 1.5 million). Second quarter net financial expenses include USD 0.1 million unrealized loss related to the mark-to-market revaluation of fixed rate interst swaps and USD 0.9 million net (combined) foreign exchange gain. Second quarter net financial expenses are negatively affected by the impairment of the available-for-sale EOC shares previously accounted for through a revaluation reserve in equity. The impairment is USD 1.4 million.
The net result after tax was USD 2.7 million (negative USD 1 million).