Costamare saw profits decline in 2nd quarter
Growing, stock-listed container shipowner Costamara saw its profits decline in the 2nd quarter, though the company's revenue grew significantly.
BY OLE ANDERSEN
New York-listed container shipowner Costamare achieved a net profit of USD 27.4 million in the second quarter, a decline of around 10 percent compared to the USD 30 million result from the same period 2013. The setback is attributed to increased operating and financial costs.
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