Alstom Profits Up

Monday, November 13, 2006
Alstom has said that record orders in the energy sector had boosted its recovery, two and a half years after the group came close to collapse. Net profit in the first half of its financial year shot to 227 million euros (292 million dollars), a leap of 67 percent from the figure for the same period last year, with energy activities providing the brightest spots in Asia, Europe and the United States. Operating profit in the period, which runs April to Septmber, rose by 27 percent to 413 million euros, while sales increased by eight percent to 6.608 billion euros, the company said. The overall Alstom group came close to bankruptcy in 2004 and was the subject of a rescue plan orchestrated by the French state. Alstom received more than 2.0 billion euros in state aid coupled with assistance from creditor banks, but the French government and the company were obliged to accept conditions imposed by EU competition authorities before proceeding. The group has divested most of its loss-making shipbuilding activities and focused on the energy and transportation sectors. Source: Reuters
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Livanos Becomes Euronav Chairman

On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc

MN 100: gplink

1500 Sensation Weigh Beaufort, NC 28516 Tel: (252) 504-2640    Email: dwebb@gplink.com Website: www.gplink.com President & CEO: Greg Poole, III The Company: gplink

Pine Galaxy to Arrive SF Bay Wednesday

The disabled mixed-products tanker Pine Galaxy is expected to arrive in San Francisco Wednesday morning. The ship is being towed by commercial tug to San Francisco Bay.

Finance

Euronav Books Profit from Sale of Chartered Ship

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party.

EU to Help Italy Cope with Boat Migrants

The European Commission said on Wednesday it would launch an EU version of Italy's sea rescue operation to help it deal with the droves of migrants crossing the

Governors Write Obama for Mississippi River Funding

Governors seek President Obama’s support for upper Mississippi River commercial navigation locks and ecosystem The Governors of the five Upper Mississippi River States of Illinois,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1506 sec (7 req/sec)