Finance 2018-03-01T10:04:38+00:00


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Tallink suffers losses

For the first quarter of this year, the Tallink Grupp has announced an unaudited net loss of €34.4 mill, compared to a net loss of €30.2 mill in 1Q20. The group’s unaudited consolidated revenue was €53.7 mill, which was a [Read more...]

May 14th, 2021|

Viking Line in the red

For the first quarter of this year, ferry operator Viking Line reported sales of €24.6 mill, compared to €75 mill in 1Q20. Income before taxes amounted to minus €8.9 mill, compared to minus €23.4 mill in 1Q20. Income [Read more...]

May 14th, 2021|

Genting Hong Kong agrees re-capitalisation

Genting Hong Kong has agreed term sheets to the tune of around $2.6 bill in re-capitalisation. The board announced that on 7th May, 2021, the company’s relevant financial creditors, partners and other stakeholders provided their formal written agreement [Read more...]

May 14th, 2021|

ICG sees slight revenue increase

In a trading update issued on 8th May, Irish Continental Group (ICG) said that for the first four months of this year, consolidated group revenue was €89.3 mill, an increase of 0.4% compared with the same period last [Read more...]

May 14th, 2021|

Attica rides out the storm

Greek ferry operator, Attica, a subsidiary of the Marfin Investment Group (MIG), announced a drop of 28% in its 2020 consolidated revenue to €290.40 mill, compared to €405.40 mill recorded for fiscal 2019. As a result of the [Read more...]

April 13th, 2021|

Saga ready for the upturn

Saga plc reported a loss before tax of £61.2 mill for 2020, which reflected a £59.8 mill impairment charge of travel goodwill in the first half of last year. The group claimed a strong liquidity position, with total [Read more...]

April 13th, 2021|

Carnival reduces cash burn

Carnival Corp has reported a US GAAP and an adjusted net loss of $2 bill each for the first quarter of this year. At the end of the quarter, Carnival said it had $11.5 bill in cash and [Read more...]

April 13th, 2021|