Wilson Sons 3Q, 9Mo Report

Monday, November 17, 2008

Wilson Sons Limited reported results for third quarter 2008 and 9 months 2008.

Through its subsidiaries, the company (Bovespa: "WSON11 BZ") is one of Brazil's providers of integrated port and maritime logistics and supply chain solutions. With a business track record of over 170 years, the company has developed a national network and provides a set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal activities are divided into the following business segments: port terminals, towage, logistics, shipping agency, offshore, and non-segmented activities.

3Q08 net revenues were up by 26.9% over 3Q07, reaching USD 132.4 million. Year-to-date, net revenues improved by 32.7%, reaching USD 380.8 million. Wilson Sons' strong performance in 3Q08 and 9M08 derived, mainly, from activities in port terminals, logistics, and the offshore businesses, which, combined, represented almost 60% of The Company's total net revenues in the quarter. Its shipyard also contributed positively to 3Q08 results, from shipbuilding activities for third parties.

3Q08 consolidated adjusted EBITDA was up by 3.1%. Year-to-date, EBITDA results ended significantly higher (+25.1% compared to 9M07), helped mainly by a better mix of services and improved overall performance year-over-year, mainly at the Company's port terminals, towage and offshore businesses.

3Q08 and 9M08 CAPEX figures reached USD 23.2 million and USD 59.7 million, respectively, mainly invested in the acquisition of new equipment, construction activities for new tugboats, capacity expansion at Tecon Rio Grande, and leasing of equipment for logistics.

(www.wilsonsons.com/ir)

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

Technip Samsung JV Wins 2 FLNG Project Contracts

The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome,

Fjords Processing Bags Johan Sverdrup Contracts

Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Ship Electronics Ship Repair 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: 0.1174 sec (9 req/sec)