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01-25-2008 05:23 PM CET | Logistics & Transport

Press release from: CMB

CMB’s board of directors has discussed the preliminary results for the full year 2007.

All figures mentioned in this press release have been prepared under IFRS (International Financial Reporting Standards) and have not been reviewed by the joint statutory auditors.

The result after taxation for 2007 is estimated to be EUR 243 million, compared to EUR 134 million in 2006.

2007 was another good year for Bocimar. Its contribution to the group result amounts to EUR 242 million (2006: EUR 131 million).

Bocimar’s result for the fourth quarter takes into account capital gains, for a total amount of EUR 49 million, realised on the sale of the vessels Jiangnan 2345 (2007 – 76,000 dwt) and CMB Talent (2001 – 52,403 dwt). This brings the total amount of capital gains realised in the course of 2007 to EUR 136 million.

The contribution of the Other activities takes into account inter alia:
- A capital gain of approximately EUR 3 million realised on the transfer of the second and last phase of Hessenatie Logistics’s logistics site Cargovil;

- A negative exchange rate difference of EUR 13 million on the Group’s USD position. If these figures are confirmed when preparing final annual accounts and following auditing, the board of directors will – barring any unforeseen circumstances – propose the payment of a gross dividend of EUR 4.00 per share (2006: EUR 3.40) or net EUR 3.00 (2006: EUR 2.55) to the annual general meeting.

* * *

DMR House
8-10 Cleave Avenue,
Farnborough, Orpington
Kent BR6 7DR

Tel: +44 (0) 1689 860660
Fax: +44 (0) 1689 818285

Ian Matheson

CMB, Compagnie Maritime Belge, is a maritime group with its registered offices in Antwerp. The company was founded in 1895. Its shares are quoted on Euronext. The CMB share is included in the Next 150 index and is also part of the NextPrime index. The CMB Group's main activities are all directly or indirectly related to the shipping industry, i.e. transport of dry cargo and related financial activities

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