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 Today


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

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

Finance

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

Baltic Index Falls on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday as demand for larger vessel segments declined.

China Shipbuilding Plans Major Restructuring

State-owned China Shipbuilding Industry Corp (CSIC) is undertaking a major restructuring as it grapples with an industry downturn, and it will be the largest restructuring

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction 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: 0.0796 sec (13 req/sec)