Independent journal on economy and transport policy
06:08 GMT+1
This page has been automatically translated by Original news
of Friend International Shipping it has closed 2014 with a net loss of -10,6 million dollars
Clearly improvement of the operating result in the second half of the year
March 6, 2015
After two consecutive years concluded with a result of exercise of positive sign, in the 2014 shipowning company of Friend International Shipping (DIS), specialized in the marine transport of liquid bulk and sand banks, has recorded a sign result negative having finished to the exercise anniversary with a net loss of -10,6 million dollars respect to a profit clearly of 11,8 million dollars in 2013 (turned out - this last one - rectified in order to reflect the effects of the first retroactive application of new adopted accounting principles IFRS to pass from on January 1°, 2014). The revenues Time base charter are increased of +7.5% attesting itself to 212,5 million dollars and the EBITDA has been pairs to 32,8 million dollars (- 23.5%). Operating result (EBIT) has been of sign negative for -2,0 million dollars respect to an operating profit of 12,3 million dollars in 2013.
Commenting the results achieved last year from the company the managing director of DIS, Marco Fiori, has emphasized as, "after a first part of 2014 with a market of product tanker the more weak person of the waits, the scene drastically is changed in the last trimester of year carrying DIS to generate an excellent operating performance in the fourth trimester of 2014". In the period October-December last year, in fact, the shipowning company has totaled an EBITDA of 12,5 million dollars (+136.9% on the same period of a 2013) and operating profit of 3,9 million dollars respect to operating liabilities of -2,7 million dollars in the last trimester of the year precedence.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
After two consecutive years concluded with a result of exercise of positive sign, in the 2014 shipowning company of Friend International Shipping (DIS), specialized in the marine transport of liquid bulk and sand banks, has recorded a sign result negative having finished to the exercise anniversary with a net loss of -10,6 million dollars respect to a profit clearly of 11,8 million dollars in 2013 (turned out - this last one - rectified in order to reflect the effects of the first retroactive application of new adopted accounting principles IFRS to pass from on January 1°, 2014). The revenues Time base charter are increased of +7.5% attesting itself to 212,5 million dollars and the EBITDA has been pairs to 32,8 million dollars (- 23.5%). Operating result (EBIT) has been of sign negative for -2,0 million dollars respect to an operating profit of 12,3 million dollars in 2013.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
