Ocean Wilsons profit down amid fall in Brazil container terminal revenue

Wed, 13th Nov 2019

Ocean Wilsons said profits had been dented in the third quarter by lower revenue at container terminals in Brazil. The company main asset is subsidiary Wilson Sons, which controls a maritime services and logistics company in Brazil. Revenue for the three months through September fell 7% to $106.1m. The decline and was mostly due to reduced revenue at container terminals, lower logistics revenue due to the completion of a specific high-volume contract and lower shipyard revenues, the company said. Wilson Sons pre-tax profit fell to $13.0m, down from $15.5m on-year. At 9:40am: (LON:OCN) Ocean Wilson Holdings PLC share price was -55p at 815p Story provided by StockMarketWire.com

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