Independent journal on economy and transport policy
15:51 GMT+2
This page has been automatically translated by Original news
"K" Linens previews to close the period 1° April - 30 september in loss
Attended an increase of the revenues
July 3, 2012
The shipowning group Japanese Kawasaki Kisen Kaisha ("K" Linens) has modified the forecasts of closing of the first semester of the fiscal year 2012, period that will conclude next the 30 september, having announced that the first half of the year will be archived item with a net loss of seven billions of yen (88 million dollars) respect to a forecast of a clearly positive result for a billion of yen formulated 27th April. The Japanese company has explained that on the result clearly they will weigh the losses for value reduction of the yields of stopped the issues of investment from the societies of the group.
"K" Linens attends instead an increment of the revenues regarding the forecast precedence: according to the last esteem the company will close the period 1° April - 30 september 2012 with revenues for 550 billion yen regarding 540 billion previewed previously. The bending of the prices of the fuel will have in fact a positive effect on the revenues.
"K" Linens considers that in the second half of the year of the fiscal year the 2012 decline of the prices of the fuel will continue to being a factor of increase for the revenues, while uncertainty factors will continue to being the evolution of the market dry bulk, that it finds it hard to show signs of resumption, and the exchange rate yen-dollar if will continue to remain in range 75-80 yen.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher