Tropical ShippingÆs 3rd quarter operating profit down 17%
Illinois-based gas company Nicor said today that operating income at its U.S./Caribbean shipping company Tropical Shipping was down 17.1 percent in the third quarter to $8.7 million from $10.5 million a year ago.
Revenue from shipping in the three months dropped 0.8 percent to $97.5 million, compared to $98.3 million in the same quarter in 2006.
For the year to date, Nicor's operating income from shipping was down 8.8 percent to $26.9 million while shipping revenue increased 1.9 percent to $293.6 million.
Tropical Shipping’s 3rd quarter operating profit down 17%
