Hitt og þetta 10. apríl 2006

Finnlines Plc issues profit warning

Nordic Business Report-April 10, 2006-Finnlines Plc issues profit warning
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Finnish shipping line Finnlines Plc said on Monday (10 April) that its result for the first quarter will be weaker than the result for the corresponding period last year.

Finnlines said that due to hard competition it has been unable to compensate higher costs with freight rate increases.

Finnlines also said that the full-year result is likely to fall short of market expectations.

((Comments on this story may be sent to tww.feedback@m2.com))