Erria's operating profit in big setback

Investments in new ships, the falling oil price and a hesitant major customer impacted Erria's half-year result, though the company still believes in a positive full-year result after adjusting the organization.

Erria A/S
Photo: Erria A/S

Ship management company Erria presented a lower but positive half-year result on Tuesday.

The company's revenue came to USD 6.0 million, down from USD 7.9 million in the first half of 2014, while the operating result (EBITDA) dropped from USD 1.3 million in the first six months of 2014 to USD 385,182 this year.

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