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Viking Supply Ships secures profit, expects rates to fall

Viking Supply Ships achieves profit in the second quarter after many interim reports showing with bottom-line figures written in red. However, the company CEO warns of supply vessels rates declining going forward.

Photo: PR/Viking Supply Ships

Viking Supply Ships closes the second quarter with bottom-line figures written in black after a long period reporting interim deficits in a row of financial reports. The company’s CEO, however, warns that rates for supply vessels are set to fall in coming months.

The EBITDA result for the second quarter came to SEK 81m (USD 7.8m), in contrast to the operating deficit of SEK 14m at the same time in 2021. The net result for the supply company for the second quarter was SEK 61m, in contrast to the net deficit of SEK 31m from the same period last year.

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