Ocean Yield saw an essentially flat quarter, yet maintained its dividend growth.
Ocean Yield reported fourth-quarter net income, adjusted for income tax benefits, of $28m compared to year-earlier results of $27.1m.
The diversified ship owner reported operating profit of $3.9m for the fourth-quarter, which includes a $28.6m goodwill impairment charge for Aker Contracting FP, the owner of the floating processing, storage and offloading vessel 80,000-bod Dhirubhai-1 (built 1979).
Earnings
