Åland shipping giant Viking Line Abp reports declining sales in the second quarter compared to the same period the previous year.
The company reports zero profit during the period.
Sales amounted to EUR 125.5 million (134.4), a decrease of 7 percent compared to the previous year. Operating profit was EUR 0.0 million (2.7). The company describes that capacity in April was reduced due to a longer docking of Gabriella, which had a negative impact on the result.
Profit before tax was EUR 0.9 million (3.2). Profit after tax was EUR 1.1 million (2.9), a decrease of 62 percent compared to the previous year. Earnings per share were EUR 0.11 (0.27), a decrease of 59 percent compared to the previous year.
Viking Line is adjusting its forecast for 2018 slightly and now estimates that operating profit will improve or be on par with the result for 2017. The previous assessment was an improved operating profit.
Source: finwire
