The Latvian Shipping Company and its subsidiaries (LSC Group) revenue for Q2 2016 was $50,08 million ($45,81 million in Q2 2015) with a stable net voyage result for the period of $44,92 million, the company said in its press release.
The net loss for Q2 2016 was $6,66 million. Fleet operating profit was $30,17 million in Q2 2016 – higher than the same period in the previous year ($26,93 million). The total net book value of the LSC Group’s fleet as of June 30, was $303.94 million (December 31, 2015 – $328.49 million), calculated using the total vessel cost at the date of delivery less accumulated depreciation and accumulated impairment losses during its useful life, if any. (Portnews/Business World Magazine)