Independent journal on economy and transport policy
08:17 GMT+1
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Minoan Lines has concluded the first semester with a profit clearly of 12,2 million euros (+109.1%)
the result includes proceeds for 3,5 million euros determined from the sale of the ferry "Ikarus Palace"
September 12, 2016
In the first six months of this year the company of Greek navigation Minoan Lines of the Neapolitan shipowning group Grimaldi has recorded consolidated revenues pairs to 72,4 million euros, with a decrease of the -8,0% regarding 78,7 million euros in the first semester of 2015. The costs are dropped of the -15,0% attesting itself to 51,6 million euros. The EBITDA has totaled an increase of 5,6 million euros having gone up to 72,4 million euros. The profit clearly is piled to 12,2 million euros, with an increment of +109.1% regarding 5,8 million euros in the first half last year.
Minoan Lines has specified that the rise of the performances financial institutions recorded in the first half of this year is determined by the assumed measures during the last few years, between which the riprogrammazione of the marine services with the scope to improve the ability and the operativity of the fleet, let alone from the reduction of the cost of the fuel. Moreover the company has recorded proceeds pairs to beyond 3,5 million euros determined from the sale of the ferry Ikarus Palace.
In the first semester of 2016 on the route between Greece and Italy that connects the ports of Patrasso, Igoumenitsa, Ancona and Trieste the fleet of the Greek company has transported 126 thousand passengers (148 thousand in the first half of 2015), 32 thousand motors vehicle (33 thousand) and 47 thousand cargo unit (41 thousand), while on the Greek national route that Heraklion with the Pireo connects the fleet of Minoan Lines has transported 271 thousand passengers (308 thousand), 31 thousand car (32 thousand) and 31 thousand cargo unit (29 thousand).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In the first six months of this year the company of Greek navigation Minoan Lines of the Neapolitan shipowning group Grimaldi has recorded consolidated revenues pairs to 72,4 million euros, with a decrease of the -8,0% regarding 78,7 million euros in the first semester of 2015. The costs are dropped of the -15,0% attesting itself to 51,6 million euros. The EBITDA has totaled an increase of 5,6 million euros having gone up to 72,4 million euros. The profit clearly is piled to 12,2 million euros, with an increment of +109.1% regarding 5,8 million euros in the first half last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
