GC Rieber Shipping reports increase in operating income

Company News - August 24, 2011

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GC Rieber Shipping's operating income increased by 10 per cent and operating results (EBITDA) by 48 per cent in the second quarter compared with the second quarter of 2010.

The company said the improvement was due to higher levels of activity and better performance in all segments. The remainder of 2011 "looks promising" said the company.

"Our guidance in our last report has been indeed accurate, and we expect further improvement in the operation for the rest of 2011," said the company's CEO Irene W Basili.

 

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