Conrad Q2 2009 Results & New Business

Monday, August 17, 2009

Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced its second quarter and six months 2009 results and the signing of new contracts.

For the quarter ended June 30, 2009, Conrad achieved net income of $1.6m and earnings per diluted share of $0.26 compared to net income of $6.9m and earnings per diluted share of $0.96 during the second quarter of 2008. The Company had net income of $7.3m and earnings per diluted share of $1.13 for the six months ended June 30, 2009 compared to net income of $11.5m and earnings per diluted share of $1.58 for the six months ended June 30, 2008. The diluted shares for the quarter and six months ended June 30, 2009 and June 30, 2008 are 6.5 million and 7.3 million, respectively.

Conrad’s backlog was $40.4m at June 30, 2009, $34.1m at March 31, 2009, $56.3 million at December 31, 2008 and $93.9m at June, 2008.

New contracts include one 60 ft by 38 ft by 6 ft anchor barge, a 250 ft by 72 ft by 12 ft crane barge, an 88 ft by 35 ft by 10.5 ft inland towboat and 80 ft by 31 ft by 7.5 ft steel pontoon bridge.

New business added also includes a contract for the construction of two 297 ft by 54 ft 12 ft tank barges with approximately 30,000 gross barrel capacity and are designed for inland waterway operation.

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

Finance

China Shipbuilder Rongsheng 2013 Revenue Freefall

During the year ended 31, December 2013 China Rongsheng, the largest non-state-owned shipbuilder in the PRC, reports that revenue of the Company was RmB1,343.6 million, a decrease of 83.

InterManager Secretary Welcomes New MLC Amendment

InterManager, the international trade association for the ship management industry, says it has welcomed the adoption of new measures to protect seafarers against abandonment.

China's Japanese Ship Detention Linked to Shrine Spat

Japanese Prime Minister Shinzo Abe has sent a ritual offering to the Yasukuni Shrine, seen by critics as a symbol of Japan's past militarism, media reported on Monday,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.0936 sec (11 req/sec)