Independent journal on economy and transport policy
12:13 GMT+1
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Last year Minoan Lines has accused a net loss of 36,1 million euros
The revenues have remained stable. Operating result negative
March 31, 2011
In the 2010 society of Greek navigation Minoan Lines it has recorded an emphasized worsening of the results having had closed the exercise anniversary with a net loss of 36,1 million euros respect to a profit clearly of 32,4 million euros in 2009. The revenues have remained almost stable being piled to 169,2 million euros (- 1.1%). Negative also the operating result (EBITDA), than has attested to -14,5 million euros respect to a positive value for 7,7 million euros in 2009.
Minoan Lines has attributed the decided deterioration of own performances to the impact of the measures of austerity taxes from the government of Athens that have determined a decided contraction of the possibilities of expense of the Greek families, to the exceptional increase of the price of the fuel and to the indefensible rate competition that grips the field in which work the company.
Sul forehead of the volumes of goods and passengers transported from own fleet, Minoan Lines has announced to have last year recorded increments of the traffic on the routes between Greece and Italy (Ancona and Venice), that they have totaled 592,000 passengers (+7.1% on 2009), 146,000 private motors vehicle (+0.7%) and 84,000 cargo units (+8.7%), while on the Heraklion-Pireo route the company has transported 889,000 passengers, 112,000 cargo cars and 56,000 units.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In the 2010 society of Greek navigation Minoan Lines it has recorded an emphasized worsening of the results having had closed the exercise anniversary with a net loss of 36,1 million euros respect to a profit clearly of 32,4 million euros in 2009. The revenues have remained almost stable being piled to 169,2 million euros (- 1.1%). Negative also the operating result (EBITDA), than has attested to -14,5 million euros respect to a positive value for 7,7 million euros in 2009.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
