Erria A/S Announces Audited Consolidated and Parent Earnings Results for the Year 2012; Provides Earnings Guidance for the Year 2013
For the year, on parent basis, profit was DKK 230,562,000 on revenue of DKK 49,591,000 compared to loss of DKK 334,653,000 on revenue of DKK 42,903,000 for the corresponding period last year. Operating loss was DKK 24,807,000 against DKK 42,959,000 for the same period a year ago. Loss for the year from continuing activities was DKK 27,314,000 against DKK 53,198,000 of prior year period. Loss before tax was DKK 26,814,000 against DKK 51,448,000 of prior year period. Negative cash flow from operating activities was DKK 23,582,000 against cash flow from operating activities of DKK 27,224,000 of prior year period.
Due to its competencies and reputation the company can strengthen its earnings in the main business areas. Following the disposal of the chemical tankers Erria A/S is focused on consulting and ship management, and expects in 2013 a significant positive development in the comprehensive income and a positive cash flow.