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Kenmare Resources plc., which operates the Moma Titanium Minerals Mine in Mozambique, today announced its preliminary results for the twelve months to 31 December 2011. This release incorporates Kenmare’s Interim Management Statement relating to the period from the 1 January 2012 to the 28 March 2012. Highlights • EBITDA of US$71.7 million for 2011 […]
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Royal Boskalis Westminster N.V. achieved a record revenue of EUR 2.8 billion in 2011 (2010: EUR 2.7 billion). Net profit declined to EUR 254 million (2010: EUR 311 million), though it should be noted that the 2010 result included exceptional pre-tax gains of EUR 33.6 million. In spite of the decline in net profit […]
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The Board of Directors of Ackermans & van Haaren NV announces that the consolidated net result (group share) increased by 10% to € 177.5 mio (compared to € 160.8 mio in 2010). The strong performance of both Delen Private Bank and Bank J.Van Breda & Co provided a record contribution to the group’s result from […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor, today reported a net loss for the three months ended December 31, 2011, of $5.2 million ($0.19 diluted loss per share). These results compare to net income of $3.0 million ($0.11 diluted earnings per share) for the same period a year ago. For the full […]
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APM Terminals, the Hague-based global port operator, yesterday reported record breaking annual results for 2011. A revenue growth of 10% year- on-year and an EBITDA of USD 1,059 mio. makes APM Terminals’ result for 2011 “the strongest ever”, according to CEO Kim Fejfer. Net operating profit after tax was USD 649 mio. Profits of USD […]
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Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, today reported financial results for the quarter and year ended December 31, 2011. Commentary Chief Executive Officer Jonathan Berger said, “We finished 2011 with a solid fourth […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor, today reported a net loss for the three months ended September 30, 2011, of $6.2 million ($0.23 diluted loss per share). These results compare to net income of $7.1 million ($0.26 diluted earnings per share) for the same period a year ago. “We continue to […]
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Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, today reported financial results for the quarter and nine months ended September 30, 2011. Commentary Chief Executive Officer Jonathan Berger said, “We were very pleased with […]
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DP World today announced financial results from its global portfolio of marine terminals for the first six months of 2011, reporting profit after tax before separately disclosed items of S281 million, 36% ahead of the same period last year. After separately disclosed items, which include a significant one off gain from the monetization of 75% […]
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APM Terminals earned $2.212 billion USD in revenue during the first six months of 2011, representing a 6% increase over the same period in 2010, and generating $304 million USD in profits as the company continued to aggressively expand into high growth markets. Portfolio expansion In the first half of the year new operations have […]
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Royal Boskalis Westminster N.V. has reached an agreement with The Rezayat Group of Saudi Arabia (Rezayat) to sell SMIT’s terminal and AHTS transport activities to Lamnalco Ltd (Lamnalco). Boskalis and Rezayat each own a 50% stake in Lamnalco. Lamnalco will pay approximately USD 450 million for these activities and Boskalis will receive a net cash […]
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Port of Tyne has reported 2010 end of year results reflecting a significant return to growth following the recession of 2009. With chairman Sir Ian Wrigglesworth and chief executive officer Andrew Moffat at the helm, the port has seen some of the best results for some time in all five of its business areas. These […]
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2010 was a special and memorable year for Boskalis in many ways. Not just because it was the year in which we celebrated our centenary, but definitely also because it was a year in which we continued to develop the foundations for the future of our company. Record revenue and profit Above all, 2010 […]
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DP World has delivered a positive and encouraging financial performance from its global portfolio of marine terminals, which reflect a stronger second half of the year as volume and revenue growth continued to improve on the first half of the year. This, coupled with continuing of cost management and improved terminal efficiencies, resulted in a return to EBITDA […]
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DOCKWISE Ltd., today publishes results for the three month period and full year ended 31 December 2010. Financial highlights Q4 2010 Revenues of USD 123 million (Q3 2010: USD 109 million); Adjusted EBITDA of USD 50 million (Q3 2010: USD 46 million); Operating margin of 41% (Q3 2010: 42%); Adjusted net profit of USD 17 […]
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APM Terminals operates a global network of 50 con¬tainer terminals and 120 inland facilities in 64 countries. During 2010, APM Terminals continued to focus on de¬velopment in emerging markets and portfolio manage¬ment to improve performance. The integration of inland activities into APM Terminals was a strategic step de¬signed to strengthen and expand client services. Equally […]
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Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, today reported financial results for the quarter and year ended December 31, 2010. President & Chief Financial Officer Bruce Biemeck said, “Great Lakes delivered another record year, resulting […]
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Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United Statesand a major provider of commercial and industrial demolition services, today announced it has acquired the assets of L.W. Matteson, Inc. (“Matteson”), a maintenance dredging, environmental dredging and levee construction company located in Burlington, IA, for $45 million. The acquisition […]
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DP World Limited and Citi Infrastructure Investors (CII), together with one of CII’s major investors, have today formed a strategic partnership to invest in, operate and manage DP World’s five marine terminals in Australia. DP World has entered into an agreement to provide management services to the Australian operation to continue to provide a consistently high level of service […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor, today reported net income for the three months ended September 30, 2010, of $7.1 million or $0.26 diluted earnings per share (based on 27,094,326 diluted shares outstanding). These results compare to net income of $5.4 million or $0.22 diluted earnings per share (based on 24,678,251 […]
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Titanium Resources Group Ltd. announces its unaudited interim results for the six months ended June 30, 2010. – Profit after tax of US$3.88 million (H1 2009: loss after tax of US$4.95 million) – Sales of US$18.63 million (H1 2009: US$19.79 million) – EBITDA of US$0.4 million* (H1 2009: US$0.4 million) – Administrative and marketing expenses […]
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The board of directors of Ackermans & van Haaren NV announces that the consolidated net result (group share) for the first half of 2010 increased by 46% (compared to the same period in the previous year) to 73.5 million euros. • Contracting, dredging and concessions: increase of turnover (+37%) and net result (+34%) of DEME […]
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The Belgian dredging, marine engineering and environmental Group DEME, has been awarded a contract for dredging, transport over a distance of 120 km. and reclamation works to prepare the Imeretinskaya Lowland area at Sochi for construction of the Olympic village for the 2014 Olympic Winter Games. The contract has a value of € 105 million. […]
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Business & Finance, Project & Tenders
Dredging International N.V., member of the Belgian dreding, environmental and hydraulic engineering Group DEME, has been awarded a contract for capital and optional maintenance dredging works in the Soyo LNG port in Angola. The works will be executed by DEME in joint venture on 50/50 basis and have a total value of approximately € 155 […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor, today reported net income for the three months ended June 30, 2010, of $7.0 million or $0.26 diluted earnings per share (based on 27,200,611 diluted shares outstanding). These results compare to net income of $6.3 million or $0.28 diluted earnings per share (based on 22,148,304 […]
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Great Lakes Dredge & Dock Corporation – the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, today reported financial results for the three and six months ended June 30, 2010. Commentary Douglas B. Mackie, President and Chief Executive Officer, said, “Great Lakes had a […]
