Grupo TMM Reports 4Q and 2007 Financial Results

Thursday, February 28, 2008
Grupo TMM reported its financial results for the fourth quarter and 12 months of 2007. Comparing the fourth quarter of 2007 with the fourth quarter of 2006, TMM reported the following results:

-- Revenues of $84.4 million, up 29.0 percent from $65.4 million -- Transportation income of $5.5 million, up 103.7 percent from $2.7 million -- Operating margin of 6.5 percent, up 2.4 percentage points -- EBITDA of $14.2 million, up 105.8 percent from $6.9 million -- Net loss of $15.6 million compared to net income of $6.4 million Comparing the 12 months of 2007 with the 12 months of 2006, TMM reported the following results: -- Revenues of $303.2 million, up 22.2 percent from $248.1 million -- Transportation income of $23.7 million, up 113.5 percent from $11.1 million -- Operating margin of 7.8 percent, up 3.3 percentage points -- EBITDA of $52.4 million, up 65.8 percent from $31.6 million -- Loss from disposition of discontinued business of $38.6 million -- Net loss of $66.9 million compared to net income of $69.9 million

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

China Merchants Profit up 29pct

While China’s ports continue to face growth pressure, the country’s largest port operator is reaping the rewards of years of investments in overseas projects.   China

Baltimore Port Shipments Hit New Record

Helen Delich Bentley Port of Baltimore's public terminals shipped a record 9.74 million tons of general cargo in the 2015 fiscal year ending June 30, it said Monday.

Alaska Marine Lines Reduces Fuel Surcharge

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.4095 sec (2 req/sec)