Wilhelmsen Lines and Wilship, the two shipping divisions of the
Norwegian group Wilh. Wilhelmsen, reported lower profit results for 1998.
Net profit for Wilhelmsen Lines, the roll-on/roll-off operator, fell to
NKr438 million ($57 million), from NKr505 million, as gross revenue rose 8
percent, to NKr5.19 billion ($681 million), from NKr4.79 billion in 1997.
Wilship, the small bulk shipping unit of the group, posted a net loss of
NKr67 million ($9 million) for 1998, compared to a net income of NKr80
million in the previous year.
Gross revenue at Wilship decreased to NKr321 million ($42 million), from
NKr350 million in 1997.
WILHELMSEN AND WILSHIP POST LOWER PROFITS
WILHELMSEN AND WILSHIP POST LOWER PROFITS
