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KDM Shipping Public Limited: KDM SHIPPING AFTER FIRST HALF OF 2013: 26.5% GROWTH IN REVENUES, STRONG MARKET OUTLOOK FOR SECOND HALF OF THE YEAR (2013-08-30)

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UNI-EN 33:KDM SHIPPING AFTER FIRST HALF OF 2013: 26.5% GROWTH IN REVENUES, STRONG MARKET OUTLOOK FOR SECOND HALF OF THE YEAR

Firma: KDM SHIPPING PUBLIC LIMITED
Spis treści:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Spis załączników:
  1. KDM Shipping - 1H2013 financial results - current report.pdf PDF Format file

POLISH FINANCIAL SUPERVISION AUTHORITY









UNI - EN REPORT No 33 / 2013





Date of issue: 2013-08-30
Short name of the issuer
KDM SHIPPING
Subject
KDM SHIPPING AFTER FIRST HALF OF 2013: 26.5% GROWTH IN REVENUES, STRONG MARKET OUTLOOK FOR SECOND HALF OF THE YEAR
Official market - legal basis
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieї№ce i okresowe
Unofficial market - legal basis
Contents of the report:
The KDM Shipping Group, one of the leaders of the Ukrainian shipping industry, primarily involved in the niche segment of dry bulk river-sea freight in the Black, Azov and Mediterranean sea regions, generated revenues in the first half of 2013 of USD 12.1m, or 26.5% greater than in the same period in 2012. Gross profit was USD 5.35m, representing an increase of 6.7%, and net profit was USD 3.9m, or 0.8% greater than in the first half of 2012.

The growth in revenues was achieved mainly thanks to improvement in the dry bulk shipping segment. In the first half 2013, the company shipped a total of 337.1 thousand tonnes of cargo, representing an increase of 45.4% year-on-year, generating revenues of USD 9.7m, or 30.6% greater than in the same period in 2012.

Dry bulk shipping is the most important area of the company’s operations. The company also operates a tourist line on the Dnieper River in the Kiev region in the spring and summer, and performs ship repairs and renovations at its own shipyard in Kherson.

During the first half of 2013, the ship repair segment generated revenues of USD 2.1m (growth of 88.2%) and the passenger transport segment generated USD 0.3m (a decrease of 70.9%, due to large-scale shoreline renovation project carried out in Kiev on the Dnieper River bank that principally constrained customer ease of access).
Annexes
File Description
KDM Shipping - 1H2013 financial results - current report.pdf
KDM Shipping - 1H2013 financial results - current report.pdf
PDF Format file

KDM SHIPPING PUBLIC LIMITED
(fullname of the issuer)
KDM SHIPPING Usługi inne (uin)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
3031 Limassol
(post code) (city)
Michael Koutsofta 3
(street) (number)
+35 7253 769 19 +38 044 569 47 16
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2013-08-30 Denys Molodkovets
CFO

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