Halter Marine Group Anounces 4Q,Year-End Results

Wednesday, July 28, 1999
Halter Marine Group, Inc. announced the company's net income for the quarter ended March 31, 1999 was $1.5 million on revenue of $238.3 million. This compares to net income of $539,000 on revenue of $189.4 million in the fourth quarter of fiscal 1998. For the fiscal year ended March 31, 1999, the company reported net income of $13.3 million on revenue of $998.1 million. For fiscal 1998, Halter Marine Group reported net income of $22.5 million on revenue of $670.2 million. Gross profit margins for the company's vessels, rigs and engineered products segments were 8.1 percent, 0.6 percent, and 20.3 percent, respectively, for the fourth quarter. For the full year, gross profit margins for the company's vessels, rigs and engineered products segments were 8.8 percent, 5.0 percent, and 18.1 percent, respectively. The company's backlog at March 31, 1999 decreased from $784 million at December 31, 1998 to $656 million and was related to the following business segments: vessels, $315 million or 48 percent; rigs, $268 million or 41 percent; and engineered products, $73 million or 11 percent.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Knightsbridge, Golden Ocean Merger Completed

Knightsbridge Shipping Limited has completed its previously announced merger with Golden Ocean Group Limited. In connection with the closing of the merger, Knightsbridge

Radio Holland Wins Ahrenkiel Contract

Ahrenkiel Steamship GmbH & Co. KG and Radio Holland Germany GmbH, part of Imtech Marine, have agreed a long-term maintenance agreement for the entire Ahrenkiel Steamship fleet,

Chevron's Kirkland to Retire

Chevron Corporation confirmed that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.1195 sec (8 req/sec)