Hellenic helps lift Minoan profit

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Thu 22 Nov, 2007 | Posted in: Industry News

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Greek ferry operator Minoan Lines increased its profit in the January to September period this year even though overall company revenue fell.

Crete-based Minoan reported a group net profit of E26.3m for the nine months to September 30, up by around 49% from E17.6m in the same period last year, after its one third-owned affiliate Hellenic Seaways saw net profit rise by almost 86% to E34.6m.

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