(openPR) - The Executive Committee of EXMAR reported today its preliminary results for the fourth quarter and full year 2006.
HIGHLIGHTS
- Firm results for 2006 but weak fourth quarter due essentially to decrease in VLGC rates;
- Positive outlook for 2007, although present weak LPG rates might negatively influence 1st quarter results;
- Positive contribution of EXCALIBUR, fixed on long term time charter at improved charter hire;
- Improved contribution of the Offshore division; one OPTI-EX semi-submersible production platform ordered;
- Successful capital increase of EUR 75.2 million through a private placement of 3,200,000 new shares;
- EUR 50 million subordinated convertible bond subscribed by SOFINA on January 25, 2007;
- Public listing process of EXMAR’s offshore activities on hold for now.

FOR FULL PRESS RELEASE PLEASE GO TO EXMAR CORPORATE WEBSITE:

www.exmar.be

EXMAR is a diversified and independent shipping group serving the international gas and oil industry. Apart from providing the ships for the transportation of these products, it also performs studies and undertakes the management of commercial, technical and administrative activities for the industry.

- Exmar
- De Gerlachekaai 20 ,B-2000 Antwerpen , Belgium
- +32 3 247 56 67
- Patrick de Brabandere