Euronav – Final Half Year Results 2015

Company Profiles, Markets, News, Reports, Statistics, Stock Markets — By on August 20, 2015 at 9:18 AM

EURONAV funnelHIGHLIGHTS

  • Interim dividend of USD 0.62 (to be paid in September)
  • Adding the USD 0.25 already paid in May, brings the total dividend paid in 2015 under the new dividend policy to USD 0.87 equivalent to 80% of net earnings
  • IEA increase demand for oil estimate to 1.6m bpd for 2015 underpinning confidence in tanker sector

ANTWERP, Belgium, 20 August 2015 – During its meeting of 18 August 2015, the Board of Directors of Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the
“Company”) approved the final condensed consolidated financial statements for the period ended 30 June 2015. This press release also refers to the press release distributed on 30 July 2015.

Paddy Rodgers, CEO of Euronav said: “Delivery on our dividend commitment is an important step for Euronav. We are delighted to reward shareholders a tangible return on their investment. We are not surprised by the current rate environment for this season.
Management expects the market to rebound in the winter and with robust fundamentals in place it is confident of further progress going forward.”

Viewers can read the full report in the attache document herebelow:

20150820 Final half year results 2015

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