Volvo Penta Sales Soar During 2Q 2002

Monday, April 22, 2002
Volvo Penta's sales continued to increase during the first quarter of 2002. Total sales amounted to slightly under one million dollars, which was an increase of 13 percent compared with the year-earlier period. Volvo Penta thus achieved the best sales results ever in the company's history.

In releasing its financial report on operations for the first quarter 2002, it shows that Volvo Penta´s successes continue, due to strong increases within all three of the companies business segments: Marine Leisure, Marine Commercial and Industry.

Within Marine Leisure, Volvo Penta noted continued sales increases from previously high levels in Europe. The greatest increase, however, was attributable to the strong improvement in North America.

Volvo Penta also noted better results with respect to operating income during the first quarter. Despite this, Volvo Penta reported lower earnings than during the corresponding period last year, due to changes in accounting principles for the Volvo Group. The reported operating income amounted to $14 million, compared with $16.1 million during the preceding year.

The Volvo Group´s total net sales during the first quarter of 2002 amounted to $8 million compared to $4.2 million the correspondent period the previous year.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Panama's Alfonso Castillero Moves to Liberian Registry

The Liberian Registry informs that Alfonso Castillero, former Director-General of the Panama Registry, has joined their organization as Vice-President. Castillero

Bulk Grain Carrier Aground in Lake St. Claire

The Coast Guard informs it is responding to a 36,563 dwt 656-foot freighter that is hard aground in the downbound shipping channel of Lake St. Clair. Coast Guard

Costa Concordia Arrives Genoa for Demolition

Crowley Maritime Corp. subsidiary TITAN Salvage and project partner Micoperi has confirmed that the Costa Concordia – the Concordia-class cruise ship that wrecked off Giglio Island,

Finance

ST Engineering Divest 50% Stake In Beijing Zhonghuan

Singapore Technologies Engineering Ltd (ST Engineering) updated today that further to an earlier announcement made on 28 January 2014, Singapore Technologies

Statoil's 2Q 2014 Results

Statoil's second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

Canal Project Slows Panama Economy Growth

Panama's economy expanded in May at its slowest pace since 2009 as major public works projects, including an expansion of the Panama Canal, slowed or wrapped up,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1306 sec (8 req/sec)