Independent journal on economy and transport policy
04:42 GMT+1
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The economic performances of Lower Shipping Development Co. they turn to the negative
the company has closed the first semester of this year with a net loss of 461,2 million yuan
August 22, 2012
In the first half of this year the economic results of Lower Shipping Development Co., the marine company of the shipowning group Lower Shipping (Group) Co. that one takes care of the bulk transport, they are faces to the sign negative. The company has archived item the period with a net loss of 461,2 million yuan (73 million dollars) on revenues for 5,615, 0 million yuan respect to a profit of clearly 701,2 million yuan on revenues for 6,141, 4 million yuan in the first semester of 2011. The operating costs are increased of 11.2% to 5.851, 0 million yuan. The result before the taxes has been negative for 461,0 million yuan respect to a positive result for 830,7 million yuan in the first six months last year.
Shipping Development Co lowers. it in the next few months previews that the markets in which work improvements will not show. Macroeconomic Sul forehead is not attended a fast solution to the crisis in Europe, while a slow down of the economic increase in China is previewed, with a decrease of the question of marine transport of producing oil and bulk sand banks, and an increase of the international price of the oil because of the geopolitical situation in the Middle East. Moreover, in the markets in which work the company, is previewed the breaking in of a consisting number of ships while they still come emitted orders for new constructions, elements that are not profitable possible to show an improvement of the relationship between supply and demand. On such bases Shipping Development Co Lowers. it previews to close the first nine months of 2012 with an economic loss.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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In the first half of this year the economic results of Lower Shipping Development Co., the marine company of the shipowning group Lower Shipping (Group) Co. that one takes care of the bulk transport, they are faces to the sign negative. The company has archived item the period with a net loss of 461,2 million yuan (73 million dollars) on revenues for 5,615, 0 million yuan respect to a profit of clearly 701,2 million yuan on revenues for 6,141, 4 million yuan in the first semester of 2011. The operating costs are increased of 11.2% to 5.851, 0 million yuan. The result before the taxes has been negative for 461,0 million yuan respect to a positive result for 830,7 million yuan in the first six months last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
