Premuda has closed the first semester with a net loss of -12,1 million euros



In the first half of the 2013 recorded net loss from the shipowning society Italian Premuda it is gone up to -12,1 million euros regarding -6,6 million euros in the first six months last year. . The operating result has been of sign negative for -4,2 million euros respect to operating liabilities of -1,8 million euros in the first semester of 2012.

Premuda has specified that "the result of the period negatively is influenced by various factors between which is signaled: the market of the hires still widely unsatisfactory, is in the section of cargos buckets that in that of cargos liquids, solo partially limited from the defined commercial covers in the past and still available; the weakening to take it in turns medium of the dollar regarding the first semester of the exercise precedence; the lack of revenues by the FPSO Four Rainbow, remained in disarmament for all the first semester waiting for a new project of employment; the greater weight of the games financial institutions, weighed on from the elevated one spread applied on the last realized operations and the operations object of rinegoziazione in the course of the exercise precedence; the absorption to economic account of the residual one to pile of the set-up costs of the financings to long mean term, previously left again on the duration of the same ones according to the method of the damped cost, and today entirely carried at the expense of the semester as a result of the start of the process of restructure of the indebtedness".

The society has announced that cash flow (turned out clearly + amortizations) consolidated of first semester 2013 turns out negative for 0,3 million euros against the value of 8,5 million euros of first semester 2012. Moreover, to clearly of the quotas third party (not meaningful), the consolidated net worth on June 30, 2013 piles to 152,6 million euros (era of 208,5 million on June 30, 2012 and 164,4 million on December 31, 2012) and corresponds to 0,81 euros per.share (1.11 euros to end first semester 2012, 0,88 euros at the end of exercise 2012). Immobilizations in fleet pile to 398,1 million euros which they go under construction added 27,4 million euros relative to the ships.

With respect to the perspectives for entire exercise 2012, "taken into consideration the results achieved in the first semester, of the course in the first part of the third trimester of the markets more directed interest and of the commercial covers already available - Premuda has explained - it can reasonably be previewed that, also prescinding from serious eventual unexpected and ulterior necessities of "impairment" of assets patrimonial that could happen in relation to the course of the markets, the final result of exercise 2013 cannot that to be, online with the first semester, of sign negative. Such situation - it has found the Italian company - is moreover common to the great majority of the operating companies in the section of the shipping".