Belgian Exmar Group failed to reach the same levels in 2014 as the carrier achieved the year before. The company made a 2014 result before taxes of USD 79.7 million, compared to USD 105.7 million in 2013, according to the annual report - and this despite an increased revenue of USD 163.5 million, up from USD 121.6 million the year before.
As for the company's gas fleet, Exmar achieved an operating profit (EBIT) of USD 4.4 million in the quarter and USD 55.4 million for the full year, a setback from 2013 in which the carrier made USD 73.5 million, though this result also included the divestment of half of Exmar LPG to Teekay LNG Partners along with capital injections totaling USD 55.8 million. Exmar also opted to divest ships last year for a USD 33.6 million cash profit, according to the annual report.
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