Independent journal on economy and transport policy
12:23 GMT+1
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Down the beginning results year of Friend International Shipping regarding first trimester 2010
Paolo d' Amico is confirmed to the charge of president and Marco Fiori to that of managing director
May 5, 2011
Today the board of directors of Friend International Shipping (DIS) has approved of the results of first trimester 2011 that show a net loss of 4,8 million dollars on revenues Time base charter for 47,9 million dollars respect to a net loss of 3,5 million dollars on revenues Time base charter for 51,1 million dollars in the first three months of 2010. The gross operating profit (EBITDA) is piled to 5,6 million dollars regarding 7,2 million dollars in the first trimester last year.
The company has emphasized that, although the not profitable level of the hires for the majority of the trimester and the consequent net loss of 4,8 million dollars, DIS has reconfirmed the own solid position financial institution, having generated operating cash flows of 16,9 million dollars.
DIS previews a resumption of the market with a prosecuzione of the improvement in it uses of tankers, also in consideration of an offer of ships that is destined to be reduced. Thanks to the good level of I use of the ships - it has explained the company - the perspectives in the long term are positive, but a substantial increase of the question cannot still be considered structural. DIS has specified that however a meaningful part of revenues (45%) is guaranteed and this will afford to the society to support the generation of operating cash flows.
In the course of the reunion the board of directors has confirmed Paolo d' Amico to the president charge, Marco Fiori to the charge of managing director and Alberto Mussini to the charge of financial director.
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Today the board of directors of Friend International Shipping (DIS) has approved of the results of first trimester 2011 that show a net loss of 4,8 million dollars on revenues Time base charter for 47,9 million dollars respect to a net loss of 3,5 million dollars on revenues Time base charter for 51,1 million dollars in the first three months of 2010. The gross operating profit (EBITDA) is piled to 5,6 million dollars regarding 7,2 million dollars in the first trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
