International Shipholding Corporation ha concluso l'esercizio 2003 con un utile netto di 5,491 milioni di dollari
Il 2002 era stato archiviato con un passivo netto di 136mila dollari
Nel 2003 la compagnia di navigazione statunitense International Shipholding Corporation ha totalizzato un utile netto di 5,491 milioni di dollari su un ricavo di 257,813 milioni di dollari, contro un passivo netto di 136mila dollari su un ricavo di 227,412 milioni di dollari nell'esercizio precedente. Il risultato operativo è ammontato a 19,587 milioni di dollari (+27,8%).
International Shipholding Corporation
Unaudited results for the periods indicated along with prior year results are
(in thousands except share and per share data):
(Source: International Shipholding Corporation)
| |
Three Months Ended
Dec. 31, |
Twelve Months Ended
Dec. 31, |
| |
2003 |
2002 |
2003 |
2002 |
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Revenues |
$61,952 |
$60,396 |
$257,813 |
$227,412 |
| |
|
|
|
|
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Operating Expenses: |
|
|
|
|
|
Voyage Expenses |
50,472 |
45,849 |
203,839 |
177,836 |
|
Vessel and Barge Depreciation |
5,055 |
4,699 |
20,134 |
19,140 |
|
Impairment Loss |
- |
28 |
- |
(66) |
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-------- |
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|
|
|
|
|
Gross Voyage Profit |
6,425 |
9,820 |
33,840 |
30,502 |
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|
|
|
|
|
Administrative and General Expenses |
3,905 |
3,795 |
15,646 |
15,734 |
|
Gain on Sale of Vessels and Other Assets |
(1,103) |
(20) |
(1,393) |
(557) |
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|
|
|
|
|
Operating Income |
3,623 |
6,045 |
19,587 |
15,325 |
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|
|
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Interest and Other: |
|
|
|
|
|
Interest Expense |
2,900 |
4,467 |
12,514 |
17,706 |
|
Impairment Loss on Investment |
- |
598 |
- |
598 |
|
Investment Income |
(1,513) |
(78) |
(2,162) |
(656) |
|
Other Income |
- |
(16) |
- |
(1,498) |
|
Loss (Gain) on Early Extinguishment of Debt |
- |
(168) |
1,310 |
(65) |
| |
-------- |
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-------- |
-------- |
| |
1,387 |
4,803 |
11,662 |
16,085 |
| |
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-------- |
-------- |
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|
|
|
|
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Income (Loss) Before Provision (Benefit) for Income Taxes and Equity in Net Income of Unconsolidated Entities |
2,236 |
1,242 |
7,925 |
(760) |
| |
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|
|
|
|
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Provision (Benefit) for Income Taxes |
747 |
581 |
2,856 |
(69) |
| |
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Equity in Net Income of Unconsolidated Entities (Net of Applicable Taxes) |
162 |
132 |
422 555 |
|
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|
|
|
Net Income (Loss) |
$ 1,651 |
$ 793 |
$ 5,491 |
$ (136) |
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Basic and Diluted Earnings |
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|
|
|
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Per Share: |
|
|
|
|
|
Net Income (Loss) |
$ 0.27 |
$ 0.13 |
$ 0.90 |
$ (0.02) |
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Basic and Diluted Weighted Average Shares of Common Stock Outstanding |
6,082,887 |
6,082,887 |
6,082,887 |
6,082,887 |
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- Piazza Matteotti 1/3 - 16123 Genova - ITALIA
