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Odfjell Reports Stable Losses Despite Increase in Sales

10:00 AM MST | February 8, 2012 | Sotirios Frantzanas

Odfjell says net losses in the fourth quarter of 2011 were $8 million, exactly the same net result as in the fourth quarter of 2010. Odjfell's sales and Ebitda increased 19% and 11% year over year, to $322 million and $31 million, respectively, in the fourth quarter. Odfjell's operating losses narrowed from $7 million in the fourth quarter of 2010, to $1 million in the corresponding quarter of 2011, unlike the earnings per share (EPS) loss, which was deepened from 1 ct, to 11 cts.  Odfjell: High bunker prices negatively impact results Odfjell's results were...

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