Independent journal on economy and transport policy
15:06 GMT+1
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of Friend International Shipping it has closed the third trimester with a net loss of 9,6 million dollars
the revenues are diminished of 11%
October 27, 2011
In the third trimester of this year of Friend International Shipping (DIS) it has totaled a net loss of 9,6 million dollars on revenues Time base charter for 45,6 million dollars respect to a net loss of 5,1 million dollars on revenues Time base charter for 51,2 million dollars in the correspondent period of 2010. Operating result (EBIT) has been negative for 3,1 million dollars respect to a positive result for 1,4 million dollars in the third trimester last year.
In the first nine months of the 2011 shipowning company it has recorded a net loss of 19,8 million dollars and operating liabilities of 7,1 million dollars on revenues for 141,8 million dollars respect to a net loss of 14,0 million and an operating profit of 1,9 million on revenues for 150,4 million dollars in the same period last year.
DIS has explained that in the first nine months of 2011, that they are characterized by international an economic conjuncture in continuous evolution, the company "has succeeded to realize a better performance on the market ad. This - it has explained - has happened particularly in the course of according to trimester of 2011 which more weak person is followed but a third trimester. At the same time, DIS has maintained in the course of the first nine months of a 2011 elevated level of cover from contracts to standing charge, such to guarantee 48.1% of the revenues. Such contracts, beyond assuring however a determined level of revenues and favoring the generation of flows erase operating, allow to ulteriorly consolidate the optimal relations in being with the main oil companies that constitute, historically, an essential aspect of the DIS strategy".
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In the third trimester of this year of Friend International Shipping (DIS) it has totaled a net loss of 9,6 million dollars on revenues Time base charter for 45,6 million dollars respect to a net loss of 5,1 million dollars on revenues Time base charter for 51,2 million dollars in the correspondent period of 2010. Operating result (EBIT) has been negative for 3,1 million dollars respect to a positive result for 1,4 million dollars in the third trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
