| Emitents | Latvijas kuģniecība, AS (48510000VYR04HZGC213) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Veids | Finanšu pārskati | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Valoda | EN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Statuss | Publicēts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Datums | 2017-03-20 23:03:23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Teksts |
The consolidated financial result of LSC Group for 2016 attributable to the equity holders of the parent company is a loss of 25 million USD. The result was mainly attributable to the steady erosion in the value of the LSC Group’s fleet throughout 2016 in the amount of USD 24.1 million.
Total revenue of the LSC Group increased to USD 100 million due to
slightly higher earnings from existing time charters negotiated
during the stronger shipping cycle in mid 2015 and as a consequence
of more vessels trading on the spot market. The balance of the
increase in revenue related to the increase in technical management
activities and rent from the Groups real estate portfolio. The
Group’s cash position at the end of 2016 was USD 47.7
million.
The Group achieved its key objective in 2016 of being in a position
to renew the USD 360 million loan facility expiring in June
2017.
Financial results of LSC Group in the audited report do
not differ significantly from the unaudited report.
About JSC “Latvian Shipping Company”
JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Ship management” Ltd is technically serving 7 more vessels, thus managing a fleet of 23 vessels. The average age of the LASCO fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates. Artis Ozolins, Communications Consultant
JSC “Latvian Shipping Company”
Telephone: +371-26179051
E-mail: Artis.Ozolins@mccannconsulting.lv
www.lk.lv
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| Pielikumi |