STX Up 15%

Thursday, August 07, 2008

STX Shipbuilding Co. reported second-quarter earnings climbed 15.3 per cent from a year earlier on increased demand for high-priced ships. Net profit reached $65.2 million in the April-June period, compared with a profit of 57.4 billion won a year earlier, the company said in a regulatory filing. Sales increased 54 percent to 711 billion won over the cited period, and operating income gained 54 percent to 29.1 billion won.  (Source: Yonhap)


Finance

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

 
 
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