Latvian Shipping Company posts revenue of USD 50,08 million for Q2 2016
The Latvian Shipping Company and its subsidiaries (LSC Group) revenue for Q2 2016 was USD 50,08 million (USD 45,81 million in Q2 2015) with a stable net voyage result for the period of USD 44,92 million, the company said in its press release.
The net loss for Q2 2016 was USD 6,66 million. Fleet operating profit was USD 30,17 million in Q2 2016 – higher than the same period in the previous year (USD 26,93 million). The total net book value of the LSC Group’s fleet at 30th June 2016 was 303.94 million USD (31 December 2015: USD 328.49 million), which is calculated using the total vessel cost at the date of delivery less accumulated depreciation and accumulated impairment losses during its useful life, if any.
