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Transatlantic leaves deficit behind in tough market

Swedish Transatlantic, including Viking Supply Ships, has been struggling with a deficit in the first half of the year, but now the company can present a positive result on the bottom line - though the full year will remain in the red.

Swedish carrier Transatlantic - which consists of Viking Ship Supply and Transatlantic - has now managed to escape its deficit.

In the 3rd quarter 2014, the carrier achieved a profit after taxes of USD 24.3 million and a net revenue of USD 126.4 million. Both figures represent an improvement from the same period last year, where the company also landed a positive bottom line, and even better than the first half of the year in which Transatlantic suffered a deficit of USD 9.9 million, according to the company's 3rd quarter interim report.

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