This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Ocean Wilsons Holdings Ltd Preliminary results for the year ended 31 December 2014
Ocean Wilsons Holdings Limited today announces its preliminary results for the year ended 31 December 2014.
Highlights
· Improvement in key operating performance indicators
· Reported sales 4% lower at US$633.5 million (2013: US$660.1 million)
· Earnings per share for the year of 65.6 cents (2013: 107.1 cents).
· Dividend declared increased by 5% to 63 cents per share (2013: 60 cents per share)
· Investment portfolio up US$2.7 million to US$251.7 million (2013: US$249.0 million)
· Net cash inflow from operating activities for the year of US$105.6 million (2013: US$108.4 million)
José Francisco Gouvêa Vieira, Chairman of Ocean Wilson’s, commented: “The overall operating performance of the Group in 2014 has been robust with our key operating performance indicators showing year on year growth at our towage, container terminal and offshore businesses, although container terminal volumes in the 4th quarter were impacted by the slowdown in the Brazilian economy and weakening export demand. Operating profit at US$89.4 million was US$29.6 million lower (2013: US$119.0 million) reflecting the fall in turnover, lower operating margins and a profit on the disposal of property plant and equipment of US$10.0 million in the prior year.”
For further information:
Company Contact
Keith Middleton 001 441 295 1309
Media
David Haggie 020 7562 4444
Haggie Partners LLP
Cantor Fitzgerald Europe 020 7894 7000
Rick Thompson - Corporate Finance
David Banks - Corporate Broking