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72.50p (-10.00p) -12.12% Down AIM Commercial Transportation £20.78m
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Commentary

Dry bulk vessel operator

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Financial History

Financial Year End 31/12/2006 31/12/2007
Currency USD USD
Turnover 5.24 40.96
Operating Profit 1.88 16.75
Pretax Profit 1.05 12.02
Earnings After Tax 1.05 12.02
Profit Available For Dividend 0.00 0.00
Ordinary Dividends 0.00 0.00
Retained Profit 0.00 0.00
Shareholders Funds 29.74 96.68
Net Current Assets 0.00 0.00
Adjusted Earnings Per Share Undiluted 0.00 0.47
Adj Earnings Per Share 0.00 0.47
Dividend Per Share 0.00 0.17

Company Details

Address 128 Vouliagmenis Avenue, Glyfada, Athens, 16674
Telephone
Fax

Executives

Chairman George Feidakis* (0.00% holding)
Chief Executive George Karageorgiou (0.00% holding)
Finance Director Elias Deftereos (0.10% holding)
Non-Exec Director Arjun Batra (0.10% holding)

Main Shareholders

Firment Trading*: 62.5%
Lipati Shipping: 6%
Kairos Investments: 4.7%
Henderson Global: 3.9%

Advisers

Nominated Adviser Jefferies
Nominated Broker Jefferies
Solicitors Norton Rose
Auditors Ernst & Young
Registrar Computershare Investor Services

Commentary

Dry bulk vessel operator

Company Data

Code GLBS
Sedol JE00B1XDPQ
Shares In Issue 28.657 m
Indices Aim
Entry on AIM 06/06/2007
Interim Results Aug
Final Results Feb
Year End Dec
Accounts Due Apr
Int div payment Sep
Fin div payment n/a
Int net div per share nil
Fin net div per share 26.9
Probable CGT relief