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Belships ASA
Previous close
€1.68
Year range
€1.27 - €2.19
Avg Volume
455.00
P/E ratio
-
Dividend yield
-
Market news
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 68.70M | -23.54% |
Operating expense | 10.77M | -12.72% |
Net income | 18.80M | 38.25% |
Net profit margin | 27.37 | 80.90% |
Earnings per share | 0.10 | 73.17% |
EBITDA | 26.03M | -17.74% |
Effective tax rate | -8.08% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 153.60M | 10.56% |
Total assets | 878.18M | -5.40% |
Total liabilities | 588.94M | -6.54% |
Total equity | 289.24M | — |
Shares outstanding | 252.76M | — |
Price to book | 1.51 | — |
Return on assets | 4.94% | — |
Return on capital | 5.11% | — |
Cash Flow
Net change in cash
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 18.80M | 38.25% |
Cash from operations | 19.96M | 49.36% |
Cash from investing | 67.10M | 146.89% |
Cash from financing | -25.63M | 48.58% |
Net change in cash | 61.44M | 760.61% |
Free cash flow | 53.32M | 35.30% |
About
Belships is a bulk carrier operator and ship management company, listed on the Oslo Stock Exchange. The company has head offices in Oslo, Norway and a management subsidiary in Singapore.
Belships operates three bulk ships of its own and manages 12 ships owned by Elkem Chartering, in which Belships owns a 50% share. Belships operates other ships on bareboat or time charter.
Christen Smith founded the company in 1918 as Skibsaktieselskabet Christen Smiths Rederi, a pioneering heavy lift specialist. In 1937 the company was restructured, the brothers Axel, Frithjof and Jørgen Lorentzen took a controlling share and the company became listed on the Oslo Stock Exchange.
In the 1960s the company changed its specialism from heavy lift to bulk cargo. In 2018 Belships merged with the Lighthouse companies and the Lorentzen family ended its involvement with the company. Wikipedia
Founded
1918
Website
Employees
631
