Independent journal on economy and transport policy
12:11 GMT+1
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Minoan Lines has archived item the first nine months of 2011 with a net loss of 22,3 million euros
The revenues are increased of 16% to 157,4 million euros
November 30, 2011
In the first nine months of this year the Greek company Minoan Lines, that it takes part of the Neapolitan shipowning group Grimaldi, has recorded a net loss of 22,3 million euros on revenues for 157,4 million euros respect to a net loss of 21,1 million euros on revenues for 136,2 million euros in the correspondent period of 2010. The operating result (EBITDA) has been negative for 2,6 million euros respect to liabilities of 4,7 million euros in the period January-september last year.
Minoan has explained that the first nine months of the 2011 are characterized by a difficult macroeconomic scene, with an economic crisis in Greece that has determined the adoption of measures of austerity and therefore caused a decrease of the traffic volumes on the national routes operated by the company, and from an increase of the cost of the fuel that has been pairs to +18.1% regarding the first nine months last year.
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In the first nine months of this year the Greek company Minoan Lines, that it takes part of the Neapolitan shipowning group Grimaldi, has recorded a net loss of 22,3 million euros on revenues for 157,4 million euros respect to a net loss of 21,1 million euros on revenues for 136,2 million euros in the correspondent period of 2010. The operating result (EBITDA) has been negative for 2,6 million euros respect to liabilities of 4,7 million euros in the period January-september last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
