Ardmore doubles operating result

The Irish chemical and product tank carrier ended 2013 with an improved operating result of USD 9.5 million, while the company's bottom line remains in the red.

Photo: Ardmore

Product and chemical tank carrier Ardmore has published a 2013 annual report with an operating profit, EBITDA, of USD 9.5 million for the whole year, a USD 4.4 million improvement over last year.

Revenue increased to USD 35.9 million in 2013, from USD 25.2 million the year before, but the company still registered a net deficit of USD 3.9 million on the bottom line, just USD 600,000 better than in 2012.

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