Ocean Tankers profits increase

Ocean Tankers Holdings Pcl (OCT.CY) announced its 1H08 results recording a net profit of EUR 4.45 mln, compared to EUR 0.84 mln in 1H07. The increase is associated with the acquired vessels made through the period, with revenues increasing from EUR 4.15 mln to EUR 15.23 mln. EBIT was also recorded significantly higher than 1H07at EUR 6.32 mln (vs. 1.54m).