Bourbon Q1 Sales Increase

Friday, May 09, 2008

Bourbon SA said sales jumped 21.4 percent to 211.7 million euros in the first quarter from 174.4 million a year ago, equal to 34.5 percent growth at constant exchange rates, spurred by sharp increases at both its main divisions, offshore and bulk.
In the offshore business, sales climbed 23.4 percent to 136.8 million euros from 110.8 million in the year earlier period, amounting to a 34.7 percent improvement at constant exchange rates.
The bulk operations achieved a 30.3 percent sales increase, to 65.6 million euros from 50.4 million. With steady currency values sales would have surged 48.9 percent.
The market for offshore oil and gas marine services remains highly favourable, both in exploration- development of deepwater fields and in
production and maintenance, Bourbon said.
High
oil prices make it profitable to relaunch production on old continental offshore fields, generating heavy activity in this sector, it said.
In the bulk division, the company intends to benefit from favourable market conditions to secure the use of a portion of its future fleet for medium-term contracts, Bourbon said.
Source:  Thompson Financial

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Obama’s Budget ‘Grossly Imbalanced’ For US Ports -AAPA

Landside freight transportation funds would increase; navigation, port security and emission reduction funds would drop    The American Association of Port Authorities

Amazon Expands Logistics Reach in China

Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages.

AIWA Highlights Investment Needs on the Nation’s Marine Highways

Nowhere is that more important than on the Atlantic Intracoastal Waterway. As 2016 begins, we at the Atlantic Intracoastal Waterway Association (AIWA) are looking

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Electronics 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: 0.0720 sec (14 req/sec)