Estonian shipping company Tallink, the largest Baltic ferry company, said its net income in the first quarter, ending Nov.30, 2010 totaled 1.1 million euros, BBN reported.
Several analysts said they were expecting a significantly higher net income in the first quarter. For instance SEB Enskilda had said that it expected the company to earn 7 million euros in profit at revenues of 200 million euros. Pertti Rahnel, an analyst of Swedbank Markets, said he expected the shipping company's Q1 income to reach 5.2m euros and revenues of 200m euros.
In the reporting period, the company carried 1.99 million passengers, up 10% more than a year ago.The number of transported cargo units increased more than 12%.
Several analysts said they were expecting a significantly higher net income in the first quarter. For instance SEB Enskilda had said that it expected the company to earn 7 million euros in profit at revenues of 200 million euros. Pertti Rahnel, an analyst of Swedbank Markets, said he expected the shipping company's Q1 income to reach 5.2m euros and revenues of 200m euros.
In the reporting period, the company carried 1.99 million passengers, up 10% more than a year ago.The number of transported cargo units increased more than 12%.