Independent journal on economy and transport policy
08:55 GMT+1
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In the third trimester the profit after the taxes of Minoan Lines has grown of +76%
Revenues down of -8%
November 17, 2015
In the third trimester of this year the company of navigation Minoan Lines of the Neapolitan shipowning group Grimaldi has improved the economic result after the taxes against a contraction of the volume of transactions and the operating result. The result after tax is piled to 11,8 million euros, with an increment of +76% regarding the third trimester of 2014. The revenues are piled to 56,9 million euros (- 8%) and the operating profit to 9,2 million euros (- 21%).
In the first nine months of the 2015 Minoan it has totaled a profit after the taxes of 17,6 million euros on revenues for 135,6 million euros regarding 1,1 million and 134,9 million euros in the period January-september last year. The operating result has been attested to 31,5 million euros (+79%).
Minoan has explained that the positive performance financial institution recorded in the first nine months of 2015 is mainly attributable to the cost reduction of the fuel and to the decrease of the financial burdens. The company has specified that vice versa the restrictions taxes in Greece to the movement of the capitals and the perspectives of economic increase of the Greek economy have conditioned negatively the activity of import-export; moreover these developments have had an impact on Greek tourism having negatively influenced the revenues of the company.
In the first nine months of this year the employed ships of the company on the routes between Greece and Italy have transported 350 thousand passengers (374 thousand in the same period of 2014), 79 thousand car (85 thousand) and 57 thousand cargo unit (62 thousand), while on the national route Pireo-Heraklion passengers (623 thousand), 73 thousand car (79 thousand) and 43 thousand are transported 555 thousand cargo unit (42 thousand).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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In the third trimester of this year the company of navigation Minoan Lines of the Neapolitan shipowning group Grimaldi has improved the economic result after the taxes against a contraction of the volume of transactions and the operating result. The result after tax is piled to 11,8 million euros, with an increment of +76% regarding the third trimester of 2014. The revenues are piled to 56,9 million euros (- 8%) and the operating profit to 9,2 million euros (- 21%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
