Havila Shipping ASA reported unaudited financial results for the fourth quarter and year ended December 31, 2014. For the quarter, total operating income and profit on sale was NOK 390,380,000 against NOK 360,235,000 a year ago. Operating result was NOK 94,673,000 against NOK 115,898,000 a year ago. Loss before tax was NOK 119,242,000 against Profit before tax of NOK 4,271,000 a year ago. Loss after tax was NOK 123,508,000 or NOK 4.09 per diluted share against NOK 51,334,000 or NOK 1.70 per diluted share a year ago. Net cash flow from operating activity was NOK 197,851,000 against NOK 164,444,000 a year ago. EBITDA was NOK 217,925,000 against NOK 171,304,000 a year ago. Operating profit before depreciation was NOK 166.1 million against NOK 166.2 million a year ago.

For the year, total operating income and profit on sale was NOK 1,690,796,000 against NOK 1,459,245,000 a year ago. Operating result was NOK 585,813,000 against NOK 511,391,000 a year ago. Profit before tax was NOK 39,615,000 against NOK 93,449,000 a year ago. Profit after tax was NOK 2,337,000 or NOK 0.08 per diluted share against NOK 13,480,000 or NOK 0.45 per diluted share a year ago. Net cash flow from operating activity was NOK 371,240,000 against NOK 309,395,000 a year ago. Net interest-bearing debt as on December 31, 2014 was NOK 5,553,150,000 against NOK 5,526,790,000 as on December 31, 2013. EBITDA was NOK 869,706,000 against NOK 710,573,000 a year ago. Book equity per share was NOK 67 against NOK 67 a year ago. Operating profit before depreciation was NOK 854.5 million against NOK 699.1 million a year ago.