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19 September 2019 The on-line newspaper devoted to the world of transports 19:31 GMT+2

May 29, 2019

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Original news
The Greek company Euroseas records an improvement of the quarterly results

A year it makes has completed the spin-off of the fleet of rinfusiere remaining with sun portacontenitori ships

The Greek company Euroseas, that it has remained with a fleet of 11 portacontainer feeder having completed a year ago the spin-off of own fleet of rinfusiere that is met in the EuroDry(on 28 June 2018), it has concluded the first three months of this year with revenues produced from the running activities pairs to 8,3 million dollars, with an light increment of +0.4% on the respective revenues of the first generated trimester of 2018 from the rise of the hire installments, with a Time charter equivalent installments for the ships of the fleet that has turned out pairs to 9.088 dollars/day (+7.7%). "The results of the first trimester of 2019 - the financial director of Euroseas has confirmed, Tasos Aslidis - reflect the improvement of the hires in the market regarding the same period of 2018. Moreover - it has evidenced Aslidis - our turnover clearly has recorded a content increase although the fact that in the first trimester of the 2019 we have operated a fleet constituted medium from 11,0 ships regarding 12,0 ships in the correspondent period last year".

Euroseas has archived item the first three months of this year with an operating profit of 669 thousand dollars respect to an operating result of sign negative for -772 thousand dollars in the same period of the 2018 that is consequence of a decrease of the -15,5% of the costs correlated to greater expenses for the management of the fleet, of the greater depreciation of the value of the ships and other costs recorded in the first trimester of 2018. The economic result clearly from the running activities has been of sign negative and pairs to -16 thousand euros respect to a result of sign negative for -1,4 million euros in the first three months of 2018.

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