In the third trimester the shipowning society Italian Premuda has accused a net loss of -5,6 million euros



The shipowning society Italian Premuda has archived item the third trimester of this year with a net loss of -5,6 million euros respect to a net loss of -1,2 million euros in the correspondent period of 2012. attesting itself to 15,4 million euros and the operating result has been of sign negative for -2,0 million euros respect to an operating profit of 1,3 million euros in the third trimester last year.

In the first nine months of the 2013 company January-september has totaled a net loss of -17,7 million euros on revenues for 47,3 million euros respect to a net loss of -7,8 million euros on revenues for 69,1 million euros in the period last year. The operating result has been of sign negative for -6,2 million euros respect to operating liabilities of -523 thousand euros in the first nine months of 2012.

"The turned out negatives economic of the third trimester and the first nine months of the exercise - Premuda has explained - are influenced by various factors, between which we signal: a market of the hires still strongly depressed, is in the section of cargos buckets that in that of cargos liquids, solo partially limited from the residual commercial covers defined in the past and still available and by the recorded resumption beginning from the month of August in the section of cargos dries; the weakening of the dollar, is in the medium values that in fine the punctual values of period, regarding the correspondent period of the slid exercise, with an impact of about a million euro on the result of the first nine months of the exercise; the lack of revenues by the FPSO Four Rainbow, remained in disarmament for the first nine months of the year waiting for a new project of employment; the greater weight of the games financial institutions, burdened from the elevated one spread applied to the more recent operations and from the absorption to economic account (already understood in the semiannual one for an amount of about 1,6 million euros) of the residual one piling of the set-up costs of the financings to mean/along term, in the past shared on the duration of the single financings according to the method of the cost damped and now entirely payed in the current exercise as a result of the start of the process of rischedulazione of in the report intermediate the indebtedness already brought back of management on June 30, 2013".

Premuda has remembered that, as already reported in such semiannual relation, "relation to the unexpected one lacked I renew of a credit line to 18 months less a day for an amount of 15-20 million euros, is suspended the reimbursements of the installments vital of the mortgages beginning from the expiration on June 30, 2013 and has been under way negotiations with banks for a riscadenziamento of the financial debits within a former agreement. art. 67 Bankrupt Law. The negotiations, carried out with the assistance of advisor the Lazard - it has specified the company - appear favorably oriented and it is trusting of being able to reach, in a reasonable time, an acceptable agreement for all the parts interested".

For how much it concerns the closing of entire exercise 2013, Premuda has explained that "the results until now achieved reasonably make to preview that, except happening of meaningful unexpected and prescinding from ulterior necessities of "impairment" of the assets patrimonial, the result of 2013 would have to introduce a loss online with the course negative of the first nine months of the year".