Independent journal on economy and transport policy
04:43 GMT+1
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In 2011 group MISC it is incurred in a net loss of 432 million dollars
the revenues are diminished of 9.5%
February 22, 2012
In the 2011 shipowning group malaysian MISC has totaled a net loss of 1,3 billion ringgit (432 million dollars) respect to a profit of clearly 2,4 billion ringgit in the exercise anniversary precedence. to 8,5 billion ringgit and the operating profit is dropped of 54.9% to 955 million ringgit.
In the single period October-December of the 2011 group it has recorded a net loss of 1,7 billion ringgit on revenues for 2,9 billion ringgit respect to a profit clearly of 1,6 billion ringgit on revenues for 3,0 billion ringgit in the correspondent period of 2010. The operating profit is piled to 89 million ringgit regarding 314 million ringgit in the period October-December of 2010.
Communicating today such results the shipowning group malaysian has confirmed that, on the base of the loss of balance between supply and demand, the forecasts indicate an ulterior accentuation of the bending and volatility of the hires for the transport of producing oil and chemical, but that however the recent decision to exit at the end from the market of the transport of the container, programmed from the MISC last year because of the losses generated from the activity ( on 24 November 2011), it will bring benefits to the group in mean-along term. The activities in the fields LNG, Offshore and Heavy Engineering - it has specified MISC - will continue to guarantee stability to the returns to the group.
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In the 2011 shipowning group malaysian MISC has totaled a net loss of 1,3 billion ringgit (432 million dollars) respect to a profit of clearly 2,4 billion ringgit in the exercise anniversary precedence. to 8,5 billion ringgit and the operating profit is dropped of 54.9% to 955 million ringgit.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
