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Currency losses and tax bill send Clipper Group in the red

Clipper subsidiary Clipper Group, consisting of ro-ro carrier Seatruck Ferries, saw a loss of USD 7.1 million in 2020 due to a tax bill and currency losses from a Euro loan in the ro-ro carrier.

Group CEO of Clipper Amrit Peter Kalsi, promoted to CEO in October 2020 following a position as COO in the company | Photo: CLIPPER

2020 turned out to be a rough year for Clipper subsidiary Clipper Group, which saw a deficit of USD 7.1 million against a profit of 11.1 million the year prior, according to the company's financial report for 2020

Clipper Group is the parent company of ro-ro carrier Seatruck Ferries, which sails on the Irish Sea and owns a fleet of eight vessels, two of which are chartered out.

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