I. M. Skaugen SE (OSL:IMSK) IMSK - Preliminary Results 2008
I. M. Skaugen SE (OSL:IMSK) The I.M. Skaugen Group (IMSK) reported a net pre-tax profit of USD9 million in 2008 (USD 20.5 million in 2007). The result on an EBITDA basis was USD50.2 million in 2008 (USD 40.2 million in 2007). However the 4Q08 results itself is not acceptable as much of our operations were affected by the financial crisis, both directly and indirectly. We achieved a net pre-tax loss of USD12.8 million in 4Q08 (USD1.9 million in 4Q07). The result on an EBITDA basis was USD3.4 million in 4Q08 (USD7.2 million in 4Q07).
