Britannia Bulk Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Jun '08 Jun 30, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Revenue	1,035	567.89	191.5	184.59	42.13	-
Revenue Growth (YoY)	275.56%	196.54%	3.75%	338.18%	-	-
Cost of Revenue	806.38	437.89	160.43	157.42	31.02	-
Gross Profit	228.25	130	31.07	27.16	11.11	-
Selling, General & Admin	78.77	39.39	13.73	8.06	2.03	0
Other Operating Expenses	-14.49	1.25	-	-	-	-
Operating Expenses	97.79	63.14	18.24	17.4	3.14	0
Operating Income	130.46	66.86	12.83	9.76	7.96	-0
Interest Expense	-23.52	-23.3	-5.12	-1.35	-0.27	-
Interest & Investment Income	1.78	4.1	1.1	0.27	0.02	-
Currency Exchange Gain (Loss)	-0.41	-0.06	0.2	-0.12	-0.09	-
EBT Excluding Unusual Items	108.31	47.61	9.01	8.56	7.63	-0
Asset Writedown	-0.06	-0.06	-6.38	-	-	-
Pretax Income	71.39	47.55	2.63	8.56	7.63	-0
Income Tax Expense	2.2	1.5	0.16	0.28	0.05	-
Earnings From Continuing Operations	69.19	46.05	2.47	8.28	7.58	-0
Minority Interest in Earnings	-	-0.03	-0.07	-0.03	-	-
Net Income	69.19	46.02	2.39	8.25	7.58	-0
Net Income to Common	69.19	46.02	2.39	8.25	7.58	-0
Net Income Growth	1947.62%	1822.18%	-70.97%	8.83%	-	-
Shares Outstanding (Basic)	19	19	20	13	0	-
Shares Outstanding (Diluted)	19	19	20	13	0	-
Shares Change (YoY)	-2.40%	-1.84%	52.40%	2646.23%	-	-
EPS (Basic)	3.60	2.38	0.12	0.64	16.07	-
EPS (Diluted)	3.60	2.38	0.12	0.64	16.07	-
EPS Growth	2044.31%	1858.19%	-80.95%	-96.04%	-	-
Free Cash Flow	-65.39	-28.25	-129.29	-13.34	-21.97	-
Free Cash Flow Per Share	-3.41	-1.46	-6.55	-1.03	-46.59	-
Gross Margin	22.06%	22.89%	16.22%	14.72%	26.37%	-
Operating Margin	12.61%	11.77%	6.70%	5.29%	18.91%	-
Profit Margin	6.69%	8.10%	1.25%	4.47%	17.99%	-
Free Cash Flow Margin	-6.32%	-4.97%	-67.51%	-7.23%	-52.14%	-
EBITDA	163.97	89.37	17.34	19.1	9.08	-
EBITDA Margin	15.85%	15.74%	9.06%	10.35%	21.55%	-
D&A For EBITDA	33.51	22.51	4.51	9.34	1.11	-
EBIT	130.46	66.86	12.83	9.76	7.96	-0
EBIT Margin	12.61%	11.77%	6.70%	5.29%	18.91%	-
Effective Tax Rate	3.08%	3.16%	6.09%	3.32%	0.64%	-
Revenue as Reported	1,049	566.64	191.5	184.59	42.13	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.