Baltic Sea Shipping Company Increases Profits in Q1 2012

Press Release
Friday, August 17, 2012

AS Tallink Grupp announce unaudited net profit in second quarter 2012 increased by 47%.

AS Tallink Grupp is one of the largest ferry companies in the region, operating six routes between Finland, Sweden, Estonia and Latvia. The company has over 9 million passengers annually (2010/2011) and employs 6800 people.

The leading shipping company on the Baltic Sea, AS Tallink Grupp announce that the company has increased the unaudited net profit of second quarter by 47 percent, reaching 20 million Euros. The revenue of the second quarter of the current financial year increased by almost 7 million Euros or 3 percent to total 244.8 million Euros.

Steady growth despite of the adverse weather, unstable macroeconomic climate and volatile fuel prices describe the second quarter (1st of April – 30th of June) operations of AS Tallink Grupp and its subsidiaries. The Group carried a total of 2.4 million passengers in the second quarter of 2012 which is nearly 2 percent more than in the same period the last year. Market share of the company improved overall.

The Group’s unaudited consolidated revenue for the second quarter of 2012 financial year increased by 6.8 million Euros or 3 percent to 244.8 million Euros.
Total unaudited Gross profit for the second quarter amounted to 57.3 million Euros, which is 13.6 percent of increase and EBITDA amounted to 46.2 million Euros, more than 9.6 percent more than in the same period of last year.

In the second quarter of 2012 the Group’s unaudited net profit was 20 million Euros compared to 13.6 million Euros last year. The total cumulative net profit for the six months of the 2012 financial year amounts to 1 million Euros compared to net loss of 3.5 million Euros a year ago.






 

Maritime Today


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

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

People & Company News

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Finance

U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for the  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants.

Moody's: Challenges Ahead for Asian Port Operators

Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar 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: 0.1158 sec (9 req/sec)