Thrane & Thrane Release Annual Report

June 11, 2003

The Board of Directors of Thrane & Thrane has approved the annual report for the year 2002/03. The annual report shows that Thrane & Thrane in the financial year ended April 30, 2003, achieved increased revenue with 28 percent to $96.6M. Their operating profit increased with 93 percent to $13M. Net profit for the year increased with DKK 28 million to DKK 54 million. For the financial year ending April 30, 2004, Thrane & Thrane expects revenue of around DKK 620-640 million and operating profit of around DKK 80-90 million.

Related News

Auramarine Expands in South Korea Russia Steps in After India Drops Safety Cover for Sanctioned Vessels Marlink Expands Global Service Support Network Collapsed Baltimore Bridge Blasted into Pieces Salvors Set to Blast Collapsed Baltimore to Pieces