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Viking Line warns 2017 operating profit to fall short of last year 

Viking Line, the listed Finnish cruise ferry company, said that its 2017 operating profit will fall short of the level reached last year due to tough competition, higher cost of fuel and a delay in the reimbursement of a payment from the government.

The company, which recently ordered a 63,000 gross ton LNG powered cruise ferry from the Xiamen shipyard in China, reported a fall in net profit in the first nine months of this year to €3.8 million from €9.7 million in the same period last year.

Operating profit for the nine months fell to €6.3 million from €14.8 million year-on. The full year 2016 operating profit amounted to €13.7 million.

 

 

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