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Stevedoring Services Releases Interim Six-Month Report
In a letter to Shareholders, President Michael J. Lohan stated "Revenue increased marginally over the previous period whilst expenses were lower resulting in a more favourable net income figure.
Indications are that the coming winter months will not see any major fluctuations in cargo flow, and the Company's performance should continue to be satisfactory.
A dividend of $0.10 per share was declared at a Director's Meeting held on the 28th November 2000 and paid on 31st December 2000."
Financial Highlights: 1999 2000
Revenue $4,537,325 $4,574,212
Expenses $4,116,895 $3,935,351
Net Profit $ 420,430 $ 638,862
Income per share $0.33 $0.51