Company updates Minoan Lines: High Int’l Fuel Prices Hit Q1 Revenue by GTP editing team 31 May 2017 written by GTP editing team 31 May 2017 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 7 Passenger ferry company Minoan Lines on Tuesday said its EBITDA totaled four million euros in the first quarter of 2017. The company’s net after tax profits amounted to 200,000 euros during the January-March period. Minoan Lines said the coastal shipping sector faces by strong seasonality, which results in the the first quarter of each year “traditionally” showing the lowest levels of traffic and revenue compared with the remaining quarters. “The results of the first quarter were negatively affected by the large increase in international fuel prices that doubled compared with the same period in 2016 and are expected to negatively affect the annual results this year,” the company said. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post TILOS Project Shortlisted in EU Sustainable Energy Awards 2017 next post Travelport Talks Benefits for Airlines via API Distribution You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Greek Ministries Team Up to Form National Cycling Strategy 5 February 2025 Peiraios Industrial Complex to Become Athens’ New Cultural Hub 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
