Bourbon H1 Net Profit Jumps 90 Percent

Thursday, August 30, 2007
Offshore services group Bourbon SA said net profit jumped 90.2 percent to $135.4m in the first half from $71.2m a year ago as both its main businesses achieved strong performances. EBITDA surged 40.2 percent as sales climbed 29.7 percent, primarily generated by revenue growth in the offshore division and higher freight rates for the bulk division, it said. In the second half, offshore division operations will benefit progressively from the 25 new vessels scheduled for delivery in a continued strong market context, while the bulk division will continue to benefit from the high level of freight rates, Bourbon said. Second-half results will be favorably affected by the sale of Bourbon's remaining 30 percent stake in retail chain Vindemia, the company said. On July 3, Bourbon exercised its put option to sell the holding to Casino.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

KEP Marine Unveils KMGBL

KEP Marine – the manufacturer of type approved displays, computers and peripherals, announced  the release of the affordable, high-quality KMGBL Glass Bridge Light Displays.

New Load Measurement Solution for Port of Dampier

Strainstall designs and delivers a load measurement solution for the world’s largest floating wharf at Port of Dampier.   Strainstall, part of James Fisher and Sons plc,

Rolls-Royce Power Package for USS Zumwalt

Rolls-Royce announced delivery of the twin fixed pitch propellers to Bath Iron Works for installation on the U.S. Navy’s most modern surface combatant, the future USS Zumwalt,

Finance

Work Begins on $1.6 bln Container Terminal at Jebel Ali Port

DP World Chairman Sultan Ahmed Bin Sulayem announced the start of construction work on a brand new container terminal at Jebel Ali Port, Dubai.   Phase 1 of the

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to

China's Navy Drills in South China Sea

China said it conducted air and sea drills in the South China Sea on Tuesday as it stakes an increasingly assertive claim to virtually the whole sea despite rival claims by neighbours.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair 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: 0.1613 sec (6 req/sec)