| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 7 | / | 2012 | ||||||||
| Date of issue: | 2012-09-01 | ||||||||||
| Short name of the issuer | |||||||||||
| KDM SHIPPING | |||||||||||
| Subject | |||||||||||
| KDM SHIPPING 1H 2012 FINANCIAL STATEMENTS: NET CASH FROM OPERATING ACTIVITIES AT USD 2.5 MILLION; NET PROFIT AT USD 3.9 MILLION; GROSS PROFIT AT USD 5.0 MILLION; EBITDA AT USD 4.8 MILLION; NET OPERATING CASH FLOW INCREASED 30.1% | |||||||||||
| Official market - legal basis | |||||||||||
| Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieї№ce i okresowe | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| KDM Shipping Public Limited (KDM:PW), a leading Ukrainian maritime shipping company that is primarily involved in the niche segment of dry bulk river-sea freight in the Black, Azov and Mediterranean Sea regions, announces its interim consolidated financial statements for the first six months of 2012 (ending 30 June). The consolidated financial statements were reviewed by KPMG in accordance with the International Standard on Review Engagements 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity". During the first six months of 2012, the Company‟s net operating cash flow increased by 30.1% compared to the same period in 2011, from USD 1.9 million to USD 2.5 million, EBITDA decreased by 7.8% compared to the same period in 2011, from USD 5.2 million to USD 4.8 million, freight revenues increased by 7.2% compared to the same period in 2011, from USD 6.9 million to USD 7.4 million, ship repair revenues decreased by 22.3% compared to the same period in 2011, from USD 1.5 million to USD 1.1 million, passenger transport revenues decreased by 33.3% compared to the same period in 2011, from USD 1.5 million to USD 1.0 million. Total assets of the Company increased by 6.9% compared to the same period in 2011, from USD 33.9 million to USD 36.3 million, while total liabilities decreased by 14.6% compared to the same period in 2011, from USD 9.8 million to USD 8.3 million. | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| KDM_August 1H_2012_financial statements1.pdf | PDF format file | ||||||||||
| (fullname of the issuer) | |||||||||||||
| (short name of the issuer) | (sector according to clasification of the WSE in Warsow) | ||||||||||||
| (post code) | (city) | ||||||||||||
| (street) | (number) | ||||||||||||
| (phone number) | (fax) | ||||||||||||
| (e-mail) | (web site) | ||||||||||||
| (NIP) | (REGON) | ||||||||||||
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2012-09-01 | Denys Molodkovets | CFO | |||
