Independent journal on economy and transport policy
06:15 GMT+1
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Improvement of the results of Friend International Shipping in the third trimester
the period has been archived item with a net loss of -4,6 million dollars
November 12, 2013
In the third trimester of 2013 of Friend International Shipping (DIS), controlled shipowning company from the Italian of Friendly Society of Spa Navigation that work a fleet of tankers in field MR1 and MR2, it has more than halved the net loss that is dropped to -4,6 million dollars regarding 9,7 million dollars in the period July-september last year. The revenues Time base charter have recorded an light contraction of the -1,2% coming down to 46,2 million dollars. The EBITDA is piled to 5,8 million dollars (+25.5%) and the operating result has been of sign negative for -2,0 million dollars respect to operating liabilities of -5,4 million dollars in the third trimester of 2012.
In the first nine months of this year DIS January-september of 2012 has totaled a profit clearly of 18,4 million dollars respect to a net loss of -107,0 million dollars in the period. The revenues Time base charter are increased of 7.2% to 145,5 million dollars. The EBITDA has grown of 189.6% to 39,9 million dollars and the operating profit has attested to 16,0 million dollars respect to operating liabilities of -100,5 million dollars in the first three months last year.
"They are very proud of these results - the managing director of Friend International Shipping has commented, Marco Fiori - than, while they continue to consolidate the society, they confirm the effectiveness of its strategies. The positive scene of the market together with our constant focus on the revenues and the control of the costs, has carried to a positive increment of the profittabilità of DIS. I would want to emphasize our continuous increase confirmed from the recent four order of "Echo" Handys demanded to Hyundai Mipo Vinashin" ( on 25 October 2013).
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In the third trimester of 2013 of Friend International Shipping (DIS), controlled shipowning company from the Italian of Friendly Society of Spa Navigation that work a fleet of tankers in field MR1 and MR2, it has more than halved the net loss that is dropped to -4,6 million dollars regarding 9,7 million dollars in the period July-september last year. The revenues Time base charter have recorded an light contraction of the -1,2% coming down to 46,2 million dollars. The EBITDA is piled to 5,8 million dollars (+25.5%) and the operating result has been of sign negative for -2,0 million dollars respect to operating liabilities of -5,4 million dollars in the third trimester of 2012.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
