Gulf Navigation Holding’s FY 2009 NI fell by 82% YoY to AED26.55 mn ($7.2 mn) from AED148.22 mn in FY 2008, while FY 2009 Sales fell by 15% YoY to AED338.16 mn versus AED395.93 mn in FY 2008. Lower sales were explained by lower freight rates, said the company. Operating Profits Before Depreciation and Interest [...]
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[ARMX UH] Aramex :: 4Q 2009 NI up 28% YoY to AED49.5 mn, beats consensus
Aramex 4Q 2009 NI rose by 28% YoY to AED49.5 mn ($13.5 m) from AED38.8 mn in 4Q 2008 as Sales rose by 5% YoY to AED524.8 mn from the AED 500.5 mn in 4Q 2008. FY 2009 Revenues fell by 6% YoY to AED1,961 mn from AED 2,080 mn in FY 2008, while FY [...]
[GVKP IN] GVK Power :: Fiscal 3Q 2009 up 105% YoY to INR458 mn
GVK Power & Infrastructure’s fiscal 3Q 2009 (ending December 31, 2009) consolidated NI rose by 105.4% YoY to INR458 mn from INR223 mn in 3Q 2008. Consolidated 3Q 2009 Total income rose by 348% YoY to INR4,843.5 mn from INR1,080.2 mn in 3Q 2008. Fiscal 3Q 2009 Net sales rose by 353.8% YoY to [...]
[SCI IN] Shipping Corp :: Fiscal 3Q 2009 NI off 53% YoY to INR870 mn
Shipping Corporation of India (SCI) saw fiscal 3Q 2009 NI decline by 52.8% YoY to INR874.4 mn from INR1,854.3 mn in 3Q 2008, while fiscal 9M 2009 NI declined by 67.4% YoY to INR2,410.6 mn from INR7,399.1 mn in 9M 2008. Fiscal 3Q 2009 Net Sales came to INR8,454.3, down 24% YoY from INR11,131.3 mn [...]
[AFLT RU] Aeroflot :: to repurchase 25.8% of its shares from NRK Group
Aeroflot’s Board of Directors has voted to repurchase 25.8% of its shares from National Reserve Corporation, a group controlled by Russian oligarch Alexander Lebedev, a former Soviet intelligence officer. NRK will reportedly receive approximately $400 mn for the stake, though details have not been disclosed officially.
[CSIZ CH] China Shipbuilding Industry Corp :: FY 2009 NI up 18.5% YoY
China Shipbuilding Industry Corp said FY 2009 gross income rose 17% YoY to CNY 120.9 bn and profit rose by 18.5% YoY to CNY7.39 bn ($1.08 bn).
The Beijing-based company, parent of China’s largest maker of equipment for vessels, said the company is now able to manufacture 180,000-dwt bulkers, 320,000-dwt oil tankers, 13,000-TEU containers as well [...]
[DPW DU] DP World :: FY 2009 profit warning on lower volumes
Port operator DP World, a unit of state-owned conglomerate Dubai World, blamed a decline in container volumes for the expected decline in full year pretax profit. Container volumes in 1H 2009 fell 8% YoY to 25.6 mn TEUs (twenty foot equivalent units) across its 28 consolidated terminals.