FINANCIAL RESULTS

DSV reports ‘strong’ nine-month results and doesn’t rule out new bid for Ceva

In a solid trading update, DSV today announced third-quarter profits up 33% to Dkr1.1bn ($167m) on the back of revenue up 8% to Dkr20.2bn.
Ebit before special items was Dkr4.1bn for the first nine months of 2018 against Dkr3.6bn for the same period of 2017. In constant currencies, growth ebit growth before special items was 15%.
It announced a new $150m stock buyback plan and upped its earnings guidance, as usual.
In the first …

The post DSV reports ‘strong’ nine-month results and doesn’t rule...

https://theloadstar.co.uk/not-ruling-new-bid-ceva-dsv-reports-strong-nine-month-results/

Sixth successive quarter of record revenue for buoyant EGL

Echo Global Logistics has set new quarterly records for revenue and profitability, driven by strong rate growth amid constrained capacity and heightening demand.
Chief executive Douglas Waggoner told investors July had been one of the “biggest” months ever seen by the company, in terms of demand.
However, he added: “Subsequent to July, the market has softened a bit and spot prices have been moving downward.
“Having said that, truckload rates remain very high by historic standards …

The post Sixth...

https://theloadstar.co.uk/sixth-successive-quarter-record-revenue-buoyant-egl/

Panalpina has ‘stood its ground in a very volatile environment’, says CEO

Panalpina’s poor showing in ocean freight dominated its finance and earnings call this morning as it released its third-quarter results.
As investors privately expressed “disappointment”, Panalpina itself focused on the 8.9% year-on-year growth in gross profit, to CHF1.116bn ($1.117bn), with ebit up 15.5%, to CHF83.2m, and profit up 5.4%, to CHF51m.
However, ocean freight saw a 2% fall in volumes, “owing to a discontinued high-volume contract at the end of last year,” said Robert Erni, …

The...

https://theloadstar.co.uk/panalpina-stood-ground-volatile-environment-says-ceo/

TransContainer announces financial results

PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the nine months of 2018.

For the reporting period the Company’s net income increased by 24.9% year on year and amounted to RUB 6,194 million. Net income margin* improved from 25.4% for the nine months of 2017 to 28.2% for the reporting period.

The Company’s revenue for the nine months of 2018 was RUB 54,735 million, up 14.2% year on year. Adjusted revenue (net of subcontractors’ charges) was up 12.5% year on...

http://container-news.com/transcontainer-announces-financial-results/

Adani Ports, financial and operational results

  • Consolidated Cargo throughput crosses 100 MMT
  • Western and Southern ports register strong growth
  • Year on Year Coal volume up 13%, Container up 16% and Crude up by 52%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer, operator and the logistics arm of Adani Group, yesterday (Oct. 23) announced its operational and financial performance for the first half and second quarter ended 30th September, 2018.

Operational Highlights: –

For the first time in the...

http://container-news.com/adani-ports-financial-operational-results/

Vinalines marks profit in 9 months

State-run Vietnam National Shipping Lines (Vinalines) recorded revenue of VND11.73 trillion (US$502.36 million) in the first nine months of 2018, and a profit of VND21 billion (US$900,000), announced the firm in a meeting on October 12.

During the period, the shipping firm handled 62.93 million tons of cargo at domestic ports and transported another 18.66 million, equivalent to 64.1% and 86.9% of the year plan, respectively.

Vinalines currently manages and operates a diverse fleet including...

http://container-news.com/vinalines-marks-profit-9-months/

Port of Townsville, strong financial results

Port of Townsville Limited has again delivered strong financial results while continuing to deliver major infrastructure investments. With a focus on revenue diversification and cost management, the Port posted a solid net profit of $15.01 million for 2017-18.

Overall trade volumes remained steady against previous year at 7.3 million tonnes (0.18% decrease). A historical record for container trade was set, with 75,827 TEUs handled (47% increase) largely powered by renewable energy imports. Motor...

http://container-news.com/port-townsville-strong-financial-results/

Sino Global announced financial results

Highlighted by Progress in New Business Initiatives and Reinvestment

Sino-Global Shipping America, Ltd., a logistics integrated solutions provider engaged in non-asset based global shipping, freight logistics, and inland transportation management and related services, announced its financial and operating results for the fourth quarter of the fiscal year 2018 and year ended June 30, 2018. The Company has also provided extensive information on its annual report on Form 10-K filed this morning...

http://container-news.com/sino-global-financial-results/

Piraeus Port: Good half-year results

The BoD of Piraeus Port Authority  S.A. approved the financial statements for the first semester of 2018, according to which the basic figures are the following:

The turnover amounted to € 63.5 million, which compared to the same period of 2017 (€ 52.0 million) increased by € 11.5 million or 22.1%. This change is mainly due to the significant increase in revenue from the concession agreement of Pier II+III (+29.5%), container terminal sector (+20.1%), car terminal sector (+29.7%), as well as...

http://container-news.com/piraeus-port-good-half-year-results/

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