Grupo TMM Reports 4Q, Full-Year 2005 Results

Wednesday, March 01, 2006
Grupo TMM, S.A. reported earnings of $0.41 per share for the fourth quarter of 2005 compared to a loss of $1.62 per share a year ago, and earnings of $3.02 per share for the full year of 2005 compared to a loss of $1.80 per share in the same period of last year. TMM reported the following results for the fourth quarter: Revenue of $88.3 million, up 30.2 percent from $67.8 million the previous year; Operating income of $2.8 million, up from an operating loss of $0.1 million a year ago; Operating margin of 3.2 percent, up 3.3 percentage points from the previous year; Net income of $23.6 million compared to a net loss after discontinuing operations of $92.3 million the previous year. Net income in the fourth quarter of 2005 included a loss resulting from post-sale adjustments on the sale of the Company's interest in Grupo TFM to Kansas City Southern of $5.6 million, net of income taxes. TMM reported the following results for the full year: Revenue of $306.6 million, up 22.2 percent from $251.0 million the previous year; Operating income of $5.1 million, up from $3.4 million a year ago; Operating margin of 1.7 percent, down 0.3 percentage points from the previous year; Net income after discontinuing operations of $171.8 million, up from a net loss after discontinuing operations of $102.5 million the previous year. Net income after discontinuing operations for the full year of 2005 included a gain on the sale of the Company's interest in Grupo TFM to Kansas City Southern of $198.0 million, net of income taxes. Net financial expenses of $19.2 million were recorded in the fourth quarter of 2005 compared $39.1 million incurred in the fourth quarter of 2004.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

HII Wins $109.4mln U.S. Navy Contract

Huntington Ingalls  has received a $109.4mln contract modification to carry out support services for the U.S. Navy’s nuclear submarines.   The company will work to engineer,

Russia’s Novatek Sells 10% Of Yamal LNG To Chinese Fund

Russia’s second-biggest gas producer Novatek is selling a 9.9 percent stake worth an estimated US$1.4 billion in its Yamal liquefied natural gas (LNG) project

Colachel to Become Major Port

The government of India would soon build a major port at Colachel in the southernmost tip of Tamil Nadu at an estimated cost of $3.2 billion (Rs 21,000 crore),

News

U.S. Coast Guard Responds to Collision Near Paducah

On-scene assessment teams have reported the maximum estimated potential clarified slurry oil released from the tug collision is now 250,000 gallons, Thursday. The

ICTSI Manila Starts Container Booking System

The Manila International Container Terminal (MICT) in the Port of Manila has started implementing a vehicle appointment system called Terminal Appointment Booking

RORO Ops by NYK for Ford Plants in India

In 2011, NYK Auto Logistics (India) Pvt. Ltd.(NALI)* was awarded a contract by Ford India for RORO terminal services of finished cars at Chennai and Ennore Port.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5468 sec (2 req/sec)