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Stevedoring Services Releases Interim Six-Month Report
Hamilton, Bermuda, November 23, 2007 - Stevedoring Services Ltd. (STVD.BH) has released the Company's unaudited financial figures for the six-month period ending 30th September 2007 to the Bermuda Stock Exchange (BSX).
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2007 |
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2006 |
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Revenue |
$ 6,404,157 |
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$ 6,213,342 |
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Expenses |
$ 5,827,280 |
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$ 5,280,528 |
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Net Profit |
$ 576,877 |
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$ 933,814 |
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Income per share |
$0.46 |
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$0.75 |
"Revenue increased by 3.1% over the previous period whilst expenses increased by 10.4% resulting in a decrease of 38.2% in net income.
Indications are that the coming months will not see any major fluctuations in cargo volumes, and the Company's performances remains pretty much consistent with the previous financial year."
Signed by
Peter L. Aldrich
General Manager