Euronav NV Recommends Dividend for the Full Year of 2016; Announces Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
The company announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported revenue of $146,280,000 compared to $225,644,000 a year ago. Profit before taxation was $49,812,000 compared to $109,461,000 a year ago. Profit attributable to owners of the company was $50,287,000 compared to $104,859,000 a year ago. EBITDA was $125,078,000 compared to $174,156,000 a year ago. Proportionate EBITDA was $130,474,000 compared to $182,366,000 a year ago. Proportionate EBITDA per share was $0.82 compared to $1.15 a year ago. Profit after taxation per share was $0.66 compared to loss of $0.03 a year ago. Profit after taxation was $50,287,000 against $104,859,000 a year ago.
For the year, the company reported revenue of $684,265,000 compared to $846,507,000 a year ago. Profit before taxation was $203,875,000 compared to $355,934,000 a year ago. Profit attributable to owners of the company was $204,049,000 compared to $350,301,000 a year ago. EBITDA was $476,478,000 compared to $613,770,000 a year ago. Proportionate EBITDA per share was $3.18 compared to $4.16 a year ago. Profit after taxation was $204,049,000 against $350,301,000 a year ago.