ShippingWatch

Wilh Wilhelmsen's dragged down by RoRo activities

Shipping and logistics group Wilh. Wilhelmsen achieved improved operations overall, though profits from RoRo and logistics decreased.

Photo: Presse

Norwegian shipping and logistics group Wilh. Wilhelmsen achieved an operating profit of USD 80 million in the 2nd quarter 2014, compared to USD 106 million in the same periode last year. The result was negatively affected by USD 22 million in costs related to the restructuring of Wilh. Wilhelmsen ASA, which operates the group's car and RoRo activities, according to the company's interim report, published Thursday.

Wil. Wilhelmsen ASA achieved an operating profit of USD 57 million in the 2nd quarter, compared to USD 82 million in the same period 2013. The combined profits of the company's RoRo and logistics activities came to USD 682 million, for a net result of USD 26 million, compared to a bottom line profit of USD 92 million in the 2nd quarter last year.

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