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Friday, October 28, 2016

Stena Tries To Adjust To Loss Of Duty-Free Sales, Reports Losses

August 27, 1999

With the loss of duty-free sales in Europe from July 1, Swedish ferry operator Stena Line AB has already seen a drop in on-board retailing and slashed 660 jobs. On Thursday, Stena Line posted a pre-tax loss of $27.9 million for the first six months of 1999 versus a loss of $63.5 million in the 1998 period.

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