FirmaIQ
Org.nr 989 030 175 2017 → 2018 Year-over-year analysis

ABACO SHIPPING AS: årsregnskap 2018 vs 2017

Grew 66213200% on revenue, returned to profit

approved 2019-06-18; registry 2019-07-09; journal 2019 648605

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABACO SHIPPING AS. Revenue 3 NOK → 1.99m NOK (+66213200.0%). Net result -11.93m NOK → +1.43m NOK. Equity 7.74m NOK → 9.17m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACO SHIPPING AS.

At a glance

Scorecard

Revenue
3 NOK 1.99m NOK
+66213200.0%
Operating result
-10.54m NOK +1.88m NOK
+117.8%
Net result
-11.93m NOK +1.43m NOK
+112.0%
Equity
7.74m NOK 9.17m NOK
+18.5%
Cash
1.38m NOK 3.20m NOK
+132.5%
Total assets
34.61m NOK 35.50m NOK
+2.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 NOK to 1.99m NOK (+66213200.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -10.54m NOK → +1.88m NOK (op. margin -351170366.7% → 94.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 11.93m NOK to a profit of 1.43m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 7.74m NOK → 9.17m NOK (equity ratio 22.4% → 25.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.38m NOK → 3.20m NOK (+132.5% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 6.69m NOK → 5.76m NOK. Reported fact