J. Lauritzen A/S reports satisfactory results for 2008
J. Lauritzen (JL) achieved a net result of USD 154.7m in 2008 compared to
the record result of USD 347.1m in 2007. As a consequence of the global
economic crisis and that 2009 is expected to be a year with uncertainty and
volatile market conditions, write-downs and provisions, measured on an
asset by asset basis, totaling USD 208.7m have been included in the result
for 2008, without which results would have been at the same level as the
2007 result.
For further details on JL's 2008 financial results, see press
release.
Click here to get the annual reportClick here to open the press release (PDF document)
