Independent journal on economy and transport policy
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Decrease of the results of the Shipping division of the Grindrod group
In the 2010 operating profit it is diminished of 29.7%
February 24, 2011
The division of marine transport of the South African group Grindrod, that it is constituted by the branches Island View Shipping (IVS), Unicorn Shipping and Unical and has a fleet of 35 ships between rinfusiere and tanker, has archived item 2010 with a profit of clearly 362,2 million Krugerrand (50,9 million dollars) on revenues for 4,264, 0 million Krugerrands, with decrease respective of 26.4% and 13.3% regarding the year precedence. The operating profit is piled to 543,9 million Krugerrand (- 29.7%).
Grindrod has announced that in 2011 53% of the fleet (the percentage is reported to the volume of transactions generated from the division) will be operated within contracts already sign and for the 2012 such percentage up to now it is pairs to 24%.
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