Independent journal on economy and transport policy
13:11 GMT+1
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CSAV archivia the third trimester with a net loss of 340 million dollars
the revenues are diminished of 13%
November 24, 2011
Shipowning group Chilean CSAV (Compañía American South de Vapores) has closed the fourth consecutive trimester in loss having had archived item the period July-september of this year with a net loss of 340,3 million dollars respect to a profit clearly of 151,9 million dollars in the third trimester of 2010. The revenues are diminished of 13.2% to 1.401, 0 million dollars, regarding 1.614, 2 million dollars in the period July-september last year, and the result before taxes has been negative for 329,8 million dollars respect to a profit of 169,9 million dollars in the third trimester of 2010.
In the third trimester of the 2011 CSAV it has recorded an increment of 21.0% of the costs that have been attested to 1.657, 3 million dollars.
In the first nine months of the 2011 South American group it has totaled a net loss of 859,5 million dollars on revenues for 4,350, 7 million dollars respect to a profit clearly of 188,7 million dollars on revenues for 4,092, 0 million dollars in the period January-september last year. The result before the taxes has been negative for 890,0 million dollars respect to a profit of 218,8 million dollars in the first nine months of 2010.
In the first nine months of this year the Chilean company has supported an increase of 36.0% of the costs, gone up to 5.018, 0 million dollars.
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Shipowning group Chilean CSAV (Compañía American South de Vapores) has closed the fourth consecutive trimester in loss having had archived item the period July-september of this year with a net loss of 340,3 million dollars respect to a profit clearly of 151,9 million dollars in the third trimester of 2010. The revenues are diminished of 13.2% to 1.401, 0 million dollars, regarding 1.614, 2 million dollars in the period July-september last year, and the result before taxes has been negative for 329,8 million dollars respect to a profit of 169,9 million dollars in the third trimester of 2010.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
