Limarko shipping line losses reduced by 40%, Q I-III 2009

Limarko shipping company (LLK, Lithuania) losses reduced by 40% (to Euro 0.6 mln) within 9 months 2009 as compared to the corresponding period of 2008. Non-uadited profit of LLK amounted to LTL100 mln within the reporting period. Company’s profit in the same period of previous year was LTL113.5 mln, writes Baltic course.

EBITDA of LLK reached LTL 16 mln (Euro 4.6 mln) within 9-month period of 2009, and margin EBITDA amounted to 16%.

(Source: Port News)