Solid from Eidesvik

Eidesvik Offshore ASA' operating result before 
depreciation (EBITDA) for 3rd quarter 2011 is MNOK 
117,8 compared to MNOK 113,3 for the same period last 
year. Operating income is MNOK 255,7 compared to MNOK 
254,7 for the same period last year.

Operating result before depreciation (EBITDA) for the 
first 9 months is MNOK 340,3 compared to MNOK 381,9 
for the same period last year. The operating income 
for the first 9 months is MNOK 755,2 compared to MNOK 
793,3 for the same period last year.

"This has been a solid quarter for Eidesvik, were we 
are very satisfied with our operation. We are very 
satisfied with our solid contract coverage in 2012. 
Our vessels are secured very good contracts trough a 
winter that we expect will be challenging for ship 
owners with vessels in the spot market", says Jan 
Fredrik Meling (CEO). 

Profit before tax for 3rd quarter is MNOK -96,1 
compared to MNOK 219,5 for the same period last year. 
In the 3rd quarter this year EIOF has accounted 
unrealized loss on currency changes and derivatives 
of MNOK -93,5, compared to a gain of MNOK 176,9 on 
these same items last year.

For the first nine months this year the profit before 
tax is MNOK 75,1, compared to MNOK -29,7 in 2010.