Independent journal on economy and transport policy
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It continues the contraction of the economic performances of the Costamare Greek
Bending of the operating result for the fifth consecutive trimester
October 27, 2017
In the third trimester of 2017, for the seventh consecutive trimester, the Costamare Greek, that she is owner of a fleet of 70 portacontainer with a total cargo ability of 463 thousand teu, has recorded a contraction of the revenues that are piled to 101,3 million dollars, with a decrease of the -14,4% regarding 118,3 million dollars in the period July-september last year. Down for the fifth consecutive trimester also the operating profit, that it has been pairs to 40,0 million dollars (- 16.9%), while the profit clearly has turned out in increase of +16.8% being itself attested to 24,1 million dollars against 20,7 million dollars in the third trimester of 2016, period quet'ultimo in which - with the exception of the third trimester of 2017 - pairs to 9,4 million dollars were enrolled costs of cessation of the swap for loans.
In the first nine months of this year the revenues of Costamare have been pairs to 468,2 million dollars, down of the -4,5% on the correspondent period of 2016. The operating profit has turned out pairs to 166,1 million dollars (- 23.8%) and the profit clearly to 81,7 million dollars (- 43.2%).
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