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IHC Caland optimistic after shipyard disposal.
(From Lloyds List)
Byline: Maritime and energy supplier unveils better than expected net profit due to buoyant demand, writes Helen Hill in Amsterdam
MARITIME and energy supply company IHC Caland has announced a preliminary net profit of $46m after a net charge of $68m related to the sale of its shipbuilding division.
The better-than-expected net operational profit of $114m (representing $3.44 per share) before the exceptional charge would be the basis for a 50% dividend proposal.
Based in Schiedam, the group said it expected a net profit of $125m this year.
IHC Caland said the volume of turnkey orders delivered in 2004 was low and turn-over had dropped to $1.3bn, down from $1.8bn. The decrease was worse than expected, with completion of the Offshore Division's Snepco Bonga and Exxon Yoho FSO projects moving into 2005.
Offshore as a whole generated an estimated net profit of $101m, up from $96.9m in 2003.
- IHC Caland goes ahead with double yard sale.
- News wire article from: Europe Intelligence Wire August 6, 2004 700+ words
...Helen Hill in Amsterdam DUTCH shipbuilder IHC Caland is to push ahead with the sale of its...be completed in the fourth quarter. IHC Caland president Sjef van Dooremalen was earlier...off India. As previously announced, IHC Caland said Mr Dooremalen would step down as...
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- News wire article from: Europe Intelligence Wire October 6, 2003 700+ words
...From FT Investor (Stories)) Shares in IHC Caland on Monday fell by as much as 20 per cent...spin-off plan was unveiled in August, IHC Caland said. "This alternative will be pursued...Shares opened 20 per cent lower after IHC Caland warned it would miss its $110m profit...
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- News wire article from: Europe Intelligence Wire March 3, 2005 700+ words
...Merwede formally came into being and IHC Caland bowed out of shipbuilding on March 1...with offshore and gas activities led IHC Caland to divest its ship yards, IHC Holland...In addition to the sale of 82% of IHC Caland's interest in the IHC Holland and Merwede...
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...Post) Byline: Tom Ramstack AMSTERDAM - IHC Caland, the Dutch maritime equipment supplier...years ago, said Sjef van Dooremalen, IHC Caland's chief executive. It marks the end...be dead for the foreseeable future." IHC Caland will focus on offshore activities, chiefly...
- IHC Caland to design and build US Gulf unit.
- News wire article from: Europe Intelligence Wire August 17, 2004 700+ words
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- UPDATE 1- IHC Caland shares dive on profits warning.
- News wire article from: Europe Intelligence Wire October 6, 2003 700+ words
...From FT Investor (Stories)) Shares in IHC Caland on Monday fell by as much as 20 per cent...spin-off plan was unveiled in August, IHC Caland said. "This alternative will be pursued...Shares opened 20 per cent lower after IHC Caland warned it would miss its $110m profit...
- New orders for IHC Caland top $100m.
- News wire article from: Europe Intelligence Wire January 7, 2004 700+ words
...List) Byline: Helen Hill in Amsterdam IHC Caland has announced a raft of new orders in...earmarked for the second half of 2005. IHC Caland had been awarded four contracts for CALM...construction. SBM is a subsidiary of IHC Caland. This FPSO was the third in a series...
- Dredging to survive IHC Caland closure.
- News wire article from: Europe Intelligence Wire September 23, 2003 700+ words
(From Lloyds List) WHILE IHC Caland has decided to close its 175 year...next year. Sjef van Dooremalen, IHC Caland's chief executive, says it was...growing offshore activities of IHC Caland require increasing management time...
- IHC Caland says $45m profit well within forecast.
- News wire article from: Europe Intelligence Wire February 3, 2004 700+ words
(From Lloyds List) Byline: Helen Hill in Amsterdam IHC Caland said an estimated $45m profit for 2003 was 'well within...difficult year, effectively with two profit warnings,' IHC Caland stated. The first was when the company announced the closure...
- IHC Caland prepares to sell two yards as single package.
- News wire article from: Europe Intelligence Wire June 7, 2004 700+ words
(From Lloyds List) Byline: Helen Hill IHC Caland is priming potential bidders for its two shipyards, IHC...the plan to split off the two yards from the parent company IHC Caland. Then shareholders would get a stake in the new company...