Nordic Business Report-April 25, 2006-Leif Hoegh & Co ASA posts Q1 operating result of USD24.19m
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The Norwegian shipping company Leif Hoegh & Co ASA issued its first quarter report on Tuesday (25 April), posting an operating result of USD24.19m, as compared to USD43.06m in the first quarter of 2005.
The decline was due to higher bunker costs and other voyage expenses.
Freight revenues amounted to USD231.05m, up from USD199.32m in the first quarter last year.
One US dollar (USD) is worth approximately 0.57 British pounds (GBP).
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