Board of directors report

Profit developement 2010-2015 (mill. NOK). Profit before taxes

Dividend per share 2005-2015

The 2015 results were the best ever for Solvang and surpassed the peak year of 2014 by a wide margin. The high earnings from shipping activities came from a very tight LPG market driven by high export growth from the United States. The market remained at a high level throughout the year, despite significant fleet renewal. In addition to the good market, Solvang took delivery of three LGC (Large Gas Carrier) and one MGC (Mid-size Gas Carrier), which further improved the results from 2014 level.

The Group recorded a profit before tax of NOK 171.6 million against NOK 108.4 million in 2014. Positive cash flow was NOK 38.4 million compared to NOK 33.9 million in 2014. Tax expense was NOK 2.7 million, and the Group had a profit after tax of NOK 168.9 million against NOK 102.8 million in 2014.

The board of directors propose a dividend for 2015 of NOK 2.00 per share.