Independent journal on economy and transport policy
18:34 GMT+1
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of Friend International Shipping it has closed the first three months of 2019 with a net loss of -5,5 million dollars
Turned out Sul weighs not recurrent burdens
May 9, 2019
In the first trimester of this year the revenues of the company of Friend International Shipping (DIS) are diminished altogether of the -12,1% attesting itself to 91,0 million dollars regarding 66,3 million in the first three months of 2018, of which 63,9 million revenues Time base charter (- 3.7%). EBTIDA and EBIT have been pairs respective to 22,4 million dollars (+122.3%) and 5,2 million dollars (+521.8%). The first trimester of 2019 is closed with a net loss of -5,5 million dollars respect to a net loss of -3,6 million dollars in the same period last year. Turned out Sul clearly weighs financial burdens for 12,0 million dollars regarding correspondents burdens for 7,3 million dollars in the first three months of 2018. The president and managing director of Friend International Shipping, Paolo d' Amico, have emphasized in fact that excluding "some not recurrent effects and the application of the IFRS the 16 result of DIS of the first trimester of 2019 would have been advanced of 2,4 million dollars to that realized in the same period of the year precedence".
DIS has announced that in the course of the first trimester of the 2019 company it has recorded an average every day on the market ad pairs to 13.583 dollars, 858 dollars to the day in more regarding the levels reached in the first trimester of 2018 and 2,785 dollars to the day in more regarding the average of entire 2018 and has emphasized that "this result reflects the strengthening of the fundamental ones in course in our market of reference".
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In the first trimester of this year the revenues of the company of Friend International Shipping (DIS) are diminished altogether of the -12,1% attesting itself to 91,0 million dollars regarding 66,3 million in the first three months of 2018, of which 63,9 million revenues Time base charter (- 3.7%). EBTIDA and EBIT have been pairs respective to 22,4 million dollars (+122.3%) and 5,2 million dollars (+521.8%). The first trimester of 2019 is closed with a net loss of -5,5 million dollars respect to a net loss of -3,6 million dollars in the same period last year. Turned out Sul clearly weighs financial burdens for 12,0 million dollars regarding correspondents burdens for 7,3 million dollars in the first three months of 2018. The president and managing director of Friend International Shipping, Paolo d' Amico, have emphasized in fact that excluding "some not recurrent effects and the application of the IFRS the 16 result of DIS of the first trimester of 2019 would have been advanced of 2,4 million dollars to that realized in the same period of the year precedence".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
