WW Announces 3Q Results

Thursday, October 27, 2005
Wilh. Wilhelmsen ASA (WW) proposed an additional dividend of $.62 per share. Subject to approval by an extraordinary general meeting on November 18, this will bring the total dividend payment by WW for 2005 to USD 1.24 per share.

Adjusted for substantial one-off items and the recently-completed acquisition of Unitor, the company delivered the same solid result for the third quarter as it did in the same period of 2004. Net operating profit for the third quarter was USD 39 million, compared with $64 million in the same period of last year.

Total operating income for the third quarter came to $603 million as against $460 million for the same period of last year. Profit was $51 million before tax, compared with $59 million for July-September last year, and $45 million after tax as against USD 50 million.

The first nine months of 2005 yielded a net operating profit of $165 million, compared with $155 million for the same period of last year. Total operating income was $1 599 million as against $1 344 million. Profit came to $189 million before tax, as against $140 million, and $173 million after tax compared with $121 million.

Following its acquisition of Unitor, WW now has 382 offices in 72 countries.

WW expects its results for 2005 to represent a clear improvement from last year, providing no changes occur in the value of financial instruments.

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

STX Sells Lorient Shipyard

The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium.    The shipyard, which has produced civil and naval vessels, will be purchased by Kership,

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.

 
 
Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair 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: 0.0739 sec (14 req/sec)