06 Agustus 2012

[060812.EN.SEA] Troubled Horizon Lines Widens Loss To US$29.8 Million In Second Quarter


JONES ACT carrier Horizon Lines has announced a second quarter net loss widening to US$29.8 million against a loss of $4.5 million in the same period last year.

EBITDA (earnings before interest, taxes, depreciation, and amortisation) was $15.2 million for the second quarter compared to $19.7 million in the previous year.

"Horizon Lines experienced a 3.6 per cent improvement in container volume during the second quarter relative to the year-ago period," said president and CEO Sam Woodward.

Container volume totalled 59,768 revenue loads, compared with 57,677 a year earlier. Revenue per container averaged $4,269, up from $4,079 a year earlier. Per-container revenue net of fuel surcharges rose 1.1 per cent to $3,174.

Looking ahead, Horizon forecasts that 2012 container volumes will increase modestly, in the one per cent to two per cent range, and that container rates, net of fuel surcharges, will rise slightly from 2011 levels, due to the continuing slow economic recoveries in its markets.

Source : HKSG.

Tidak ada komentar:

Posting Komentar