Article: Norwegian Belships pretax profit declines in Q2 '09.(Financial report)

NORDIC BUSINESS REPORT-21 August 2009-Norwegian Belships pretax profit declines in Q2 '09(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

21 August 2009 - Norwegian dry-bulk shipping company Belships ASA (OSL: BEL) said yesterday its pretax profit dropped to USD300,000 in the second quarter of 2009 from USD4.5m a year earlier.

The company's operating profit shrank to zero in April to June 2009 from USD4.9m in the corresponding period of 2008. Second-quarter operating revenue halved to USD13.2m from USD25.7m. The reduction in the operating profit ...

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