Down the economic results of fourth trimester 2013 of group NOL



In the last trimester of the 2013 shipowning group and logistic Neptune Orient Lines (NOL) of Singapore it has recorded a bending of archived item the economic performances having had the period with a net loss of -137 million dollars on revenues for 2,33 billion dollars respect to a net loss of -91 million dollars on revenues for 2,37 billion dollars in the fourth trimester of 2012. Core EBITDA is piled to seven million dollars (- 72%) and Core EBIT has been of sign negative for -82 million dollars respect to operating liabilities of -56 million dollars in the last trimester of 2012.

In the period October-December last year the fleet of portacontainer of the APL, navigation company that constitutes Core business of group NOL, has transported cargo volumes pairs to about 800 thousand container from 40 feet (feu), analogous amount to that of the same period of 2012. In the last trimester last year the segment of the marine transport of line of the group of Singapore has totaled Core EBIT of sign negative for -101 million dollars on revenues for 1,92 billion dollars respect to Core EBIT negative for -82 million dollars on revenues for 2,09 billion dollars in the fourth trimester of 2012.

"Our revenues - the president of APL, Kenneth Glenn has commented - quickly have the strong impact of a drastic decrease of the hires. Moreover we have assisted to a third and fourth trimester between more the weak people of the last years. The improvement of the structure of the APL costs - it has emphasized Glenn - will support our increase in the long term, as evidenced from the progression of our operating results. Moreover we are fining tune our competitiveness through the adoption of an approach based on the decisional power to the aim to accelerate the decisional process and to improve the reactivity in confronts of the market".

Group NOL has archived item the entire exercise anniversary 2013 with a net loss of -76 million dollars respect to a net loss of -412 million dollars in the year precedence. The revenues are diminished of the -7% coming down to 8,83 billion dollars and the operating costs parallel are dropped of the -8% attesting itself to 8,25 billion dollars. Core EBITDA has been pairs to 103 million dollars (- 15%) and Core EBIT has been of sign negative for -167 million dollars respect to operating liabilities of -183 million dollars in 2012.

In the 2013 fleet of APL it has transported altogether beyond 2,9 million feu, with a contraction of the -2% on the year precedence. Last year the segment of the line transport has recorded revenues for 7,32 billion dollars (- 9%) and Core EBIT negative for -231 million dollars respect to liabilities of -250 million dollars in 2012.