ShippingWatch

Stena group's bottom line takes significant hit

The bottom line dropped 83 percent in the second quarter, reveals Swedish shipping group Stena's most recent interim report. However, some of the group's maritime businesses saw a growth in the operating result. The biggest increase is found in tanker.

Photo: Carsten Ingemann

Despite a growth in revenue across the Stena group's overall business, the Swedish group's bottom line plummeted significantly, shrinking 83 percent in total.

The group's net result thus lands at SEK 283 million (USD 28.9 million) for the second quarter compared to SEK 1.75 billion in the same quarter last year, shows the interim report published yesterday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Further reading

Related articles

Latest news

See all jobs