Analyst: Hafnia in stronger result than expected

Revenue as well as earnings at Danish-based product tanker carrier Hafnia Tankers in the first three months of 2015 finished significantly above Global Hunter Securities' projections.

BY OLE ANDERSEN

Published: 15.05.15 at 10:08

With a 20 percent growth in revenue, to USD 45.8 million in the first quarter 2015, and a net result of USD 13 million, Hafnia Tankers delivered a result that significantly surpassed the expectations projected by analysts Global Hunter Securities ahead of 2015.

Hafnia Tankers achieved an operating profit (EBITDA) of USD 22.5 millions on the first quarter 2015, compared to USD 15.2 million in the previous quarter, according to the interim report for the Danish-based carrier.

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