Problems with ferry projects in Finland and operational issues at the Floro shipyard sent the 2Q07 EBITDA of two of Aker Yards’ three business areas plummeting. Group net profit fell slightly, from NK219M ($37.5M) to NK200M year-on. After a review of its order stock, the group booked a NK500M charge that was divided between Finland, where ferry projects accounted for NK400M, and Floro in Norway that took the rest.
Ferries, shipyard let Aker down
Fri 24 Aug, 2007
| Posted in: Fast Ferry
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