Independent journal on economy and transport policy
01:21 GMT+2
Devaluation dents Ocean Wilsons
(Financial Times)
October 21, 1999
Brazilian currency devaluation and increased interest charges hit Ocean Wilsons, which provides maritime services in Brazil. From a pre-tax profit of £7.02m it fell to a pre-tax loss of £200,000 for the six months to June 30.
Turnover was reduced from £48.6m to £35.7m as the Brazilian currency, in which the majority of the group's costs ...... Read more on Financial Times
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