January 22, 2018 6:16 AM ET

Marine

Company Overview of E Forland AS

Company Overview

E Forland AS owns and operates offshore shipping vessels on time-charter contracts. The company was incorporated in 2011 and is based in Bergen, Norway. As of December 31, 2016, E Forland As operates as a subsidiary of Frode Bjørn AS.

Torpevikvegen 6

Paradis

Bergen,  5232

Norway

Founded in 2011

Key Executives for E Forland AS

Chairman and General Manager
Compensation as of Fiscal Year 2017.

E Forland AS Key Developments

E Forland AS Reports Unaudited Earnings Results for the First Half of 2017; Provides Earnings Guidance for the Second Half of 2017

E Forland AS reported unaudited earnings results for the first half of 2017. For the six months, the company reported total operating revenue of NOK 28,414,000 compared to NOK 61,135,000 a year ago. EBITDA was NOK 28,395,000 compared to NOK 38,037,000 a year ago. EBIT was NOK 22,688,000 compared to NOK 33,621,000 a year ago. EBT was NOK 5,924,000 compared to NOK 15,848,000 a year ago. Profit was NOK 5,924,000 compared to NOK 15,848,000 a year ago. Net cash flow from operating activities was NOK 10,363,000 compared to NOK 4,243,000 a year ago. The company expects second half of 2017 to be in line with the first half of 2017.

E Forland As Announces Audited Earnings Results for the Year Ended December 31, 2016

E Forland As announced audited earnings results for the year ended December 31, 2016. For the year, the company's operating revenue of NOK 90,020,755 compared with NOK 114,033,583 a year ago. Operating profit was NOK 57,487,865 compared with NOK 42,973,542 a year ago. Profit for the year was NOK 29,350,178 compared with NOK 12,641,439 a year ago. Net cash flow from operating activities was NOK 24,944,210 compared with NOK 25,459,984 a year ago. Outflows due to purchases of fixed assets were NOK 865,281.

E Forland As Reports Unaudited Earnings Results for the Second Half and Full Year 2016

E Forland As reported unaudited earnings results for the second half and full year 2016. For the second half, the company reported total operating revenue of NOK 28,885,000 compared to NOK 56,414,000 a year ago. EBITDA was NOK 28,859,000 compared to NOK 25,207,000 a year ago. EBIT was NOK 23,866,000 compared to NOK 20,050,000 a year ago. EBT was NOK 13,502,000 compared to NOK 9,063,000 a year ago. Profit was NOK 13,502,000 compared to NOK 9,063,000 a year ago. For the year, the company reported total operating revenue of NOK 90,021,000 compared to NOK 114,034,000 a year ago. EBITDA was NOK 66,896,000 compared to NOK 53,279,000 a year ago. EBIT was NOK 57,488,000 compared to NOK 42,974,000 a year ago. EBT was NOK 29,350,000 compared to NOK 12,641,000 a year ago. Profit for the year was NOK 29,350,000 compared to NOK 12,641,000 a year ago. Net cash flow from operating activities was NOK 16,022,000 compared to NOK 25,460,000 a year ago. Purchase of fixed assets was NOK 865,000.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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