Concordia Maritime: Interim Report 1 January - 30 September 2011

GÖTEBORG, Sweden--()--Regulatory News:

Net sales: SEK 421.6 (367.9) million

Result after tax SEK 58.9 (61.5) million

Result per share after tax: SEK 1.23 (1.29)

EBITDA USD 28.3 (22.2) million

Available liquid funds (including unutilised credit facilities) SEK 668.1 (653.0) million.

Two P-MAX vessels were employed in the open market in the third quarter. All other vessels are still employed on contracts.

Good availability of liquid funds, SEK 668.1 (653.0) million.

Unchanged forecast for 2011: result before tax of USD 10-13 million, (approx. SEK 65-85 million), depending on how the open market develops in 2011.

Concordia Maritime (STO:CCORB) is an international shipping company. Our focus is on the cost-efficient and safe transportation of refined petroleum products such as gasoline, diesel fuel and aviation fuel. The series B-share has been listed on Nasdaq OMX Stockholm since 1984. www.concordiamaritime.com

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Contacts

Hans Norén, President
Mobile 46 704 855101
or
Göran Hermansson, CFO
Mobile 46 704 855046

Contacts

Hans Norén, President
Mobile 46 704 855101
or
Göran Hermansson, CFO
Mobile 46 704 855046