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25 May 2019 The on-line newspaper devoted to the world of transports 15:59 GMT+2

March 7, 2019

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"K" Linens previews to close 2018 with inferior results to the precedence esteem

Attended a net loss attributable to the shareholders pairs to -100 billion yen

The shipowning company Japanese Kawasaki Kisen Kaisha ("K" Linens) previews to record the exercise anniversary 2018 with results gets worse regarding those previewed previously. In particular, today the company has announced that if still is attended operating revenues pairs to 840 billion yen (7,5 billion dollars) so as expected on January 31, 2018, now the attended operating profit is of sign negative and pairs to -21 billion yen respect to an operating result of sign negative for -5 billion yen previewed to beginning 2018. Moreover an ordinary loss and a net loss attributable to the shareholders pairs respective to -46 billion and -100 billion yen against sign are attended results negative for previewed -28 billion and -20 billion yen on January 31, 2018.

"K" Linens has specified that the variation of the forecasts reflects the impact of the weakening of the market of the marine bulk transport sand banks let alone the recording of negative extraordinary members deriving from the contract cancellation of chartering and the variation of the period of recording of produced extraordinary proceeds from the cession of asset.

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