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Mercantile Shipping Company Annual Report 2019 by Zarook Ali is a document available to read on EtoBox.

What is Mercantile Shipping Company Annual Report 2019 about?

The Chairman reviews the difficult year 2018/2019 for the shipping markets due to oversupply of tonnage and trade disturbances. The Group reported a net loss of LKR 1.06 billion compared to a net loss of LKR 372 million last year. Mercantile Shipping Company PLC showed a net profit of LKR 3.7 million compared to LKR 4.2 million last year. Mercantile Emerald Shipping (Pvt) Ltd reported a loss of LKR 790 million. Norddeutsche Landesbank cancelled financing for two vessels but will keep accounts open until ves

Author

Zarook Ali

Language

EN