Independent journal on economy and transport policy
10:17 GMT+1
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OOIL's half-year economic results are contraction
The first six months of 2020 were filed with a net profit of 102.2 million dollars (-26.5%)
August 21, 2020
In the first half of 2020, operating costs recorded by OOIL amounted to USD 3.01 billion, or 3.7%. EBITDA is 382.7 million dollars (-8.3%), operating profit of 155.1 million dollars (-21.8%) net profit of 102.2 million dollars (-26.5%).
OOIL pointed out that in the first half of this year, container shipping industry has had to cope a significant drop in demand caused by the effects of Pandemic of Covid-19, demand - announced the Chinese company - that may seem to have shown some improvement in relative to certain trades. However, OOIL pointed out that these signs of recovery may not be considered as symptoms of a turnaround.
OOIL also specified that its financial results recorded the positive impact of the fall in prices fuel, a decline that, however, is not known how much low interest rates and a reduction in interest rates group's debt. In particular, in the first half of the year by 2020 the average price of the bunker was 424 dollars/ton compared to 441 dollars/ton in the first mid-last year and the fall in the price of allowed OOIL to achieve a decrease in 11.3% of the bunker's costs.
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In the first half of 2020, operating costs recorded by OOIL amounted to USD 3.01 billion, or 3.7%. EBITDA is 382.7 million dollars (-8.3%), operating profit of 155.1 million dollars (-21.8%) net profit of 102.2 million dollars (-26.5%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
