Thursday May 15, 02:31 PM
Ocean Wilsons Q1 revenue up 47 pct
LONDON (Thomson Financial) - Maritime services company Ocean Wilsons Holdings Ltd. said first-quarter revenue rose 47 percent on a significant contribution from third party shipyard revenue.
The company, in an interim management statement, reported revenue of $121.2 million compared with $82.6 million a year ago. Excluding the shipyard revenue, adjusted revenue grew 27 percent to $104.5 million, a year earlier.
All the company's sales are derived from its Brazilian operations held through Wilson Sons Ltd (WSON11.SA - news) , it said.
At April 30, 2008 the investment portfolio including cash under management amounted to $274.3 million of which $120.4 million was invested in cash and cash equivalents.
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