Reports / March 03 2013

Annual Report 2012

Financial Statements

2012 ended up far better than expected, given a lacklustre shipping market and a fragile global economy. Grieg Star’s pre‐tax result of NOK 225m includes healthy results from the shipping activities with an EBITDA of NOK 390m as well as sound returns on the financial investment portfolio of NOK 72m. Although the market continues to be under pressure, Grieg Star remains solid and equipped for grasping opportunities that will occur in today’s business climate.

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