Cmb.Tech NV (CMBT,CMBT.BR), a Belgian marine transportation business, on Thursday reported second-quarter net loss, compared to profit last year, hurt majorly by operating expenses, depreciation, and impairment losses. Meanwhile, net profit attributable to shareholders declined, despite higher revenues.
The firm reported a net loss of $7.58 million, compared to a profit of $184.37 million in the prior year.
However, excluding $15.35 million loss attributable to non-controlling interests, the company recorded net income attributable to owners of $7.77 million, compared to $184.37 million a year ago.
EBITDA of the firm was $224.1 million.
Additionally, revenue improved to $387.81 million from $252 million in the prior year.
Further, the company declared an Interim dividend of $0.05, payable on or about October 9.
In the overnight trading, the shares were gaining 3.03% at $8.15 on the NYSE.
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