Leif H÷egh’s operating profit up 17%
Norway’s Leif H'egh & Co. Ltd., parent company of roll-on/roll-off operator H'egh Autoliners, increased its first half 2006 operating profit by 17.3 percent to $83.2 million, from $71 million in the same period last year.
Freight revenues for the six-month period increased 16.4 percent to $491 million, compared to $421.9 million a year ago.
The company said that a lack of capacity prevented further increases to its profits. “The structure of H'egh Autoliners cargo composition and pattern of operation place restrictions on its earnings capacity in the short term, but with the delivery of nine vessels in 2006-2007 this will improve,” Leif H'egh said.