Austral Group S.A.A. Announces Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Production Guidance for the Year 2016
For the nine months, the company reported operating revenue of NOK 735.1 million against NOK 1,020.5 million a year ago. EBITDA was NOK 123.1 million against NOK 298.9 million a year ago. LBIT ex. impairment was NOK 3.0 million against EBIT ex. impairment of NOK 177.5 million a year ago. EBIT was NOK 1.7 million against NOK 183.8 million a year ago.
For the quarter, the company has reported total volume of 53,000 MT against 223,000 MT a year ago.
For the nine months, the company has reported total volume of 90,000 MT against 224,000 MT a year ago.
The company expects total volume for 2016 to be 324,000 MT.