The J. Lauritzen group achieved a profit of USD 29 million in the first half of 2014, according to the company's 2nd quarter interim report. This represents a significant improvement compared to the 1st half of 2013, where the carrier suffered a massive deficit of USD 263 million.
However, developments for the rest of the year remain challenging. The company expects an operating result of USD 65 - 80 million, lower than the previously announced expectations of USD 80 - 100 million. The company also expects a lower net result for the full year, at USD 5 - 20 million.
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