The diversified Belgian operatorreported an operating result of $13.9m on turnover of $126.3m during the periodand posted $102.5m in annual earnings before interest and taxes (Ebit).

The consolidated result after taxes forthe fourth-quarter and full-year ended 31 December amounted to $10.3m and$107.1m, respectively.

By comparison, in the final stretch of2012 Exmar reported a consolidated gain of $9.4m and a full-year profit of $54.4m.

Inthe