Subscribe to RSS feedPB Towage turned around and now pulling strongly
by
Dale Crisp
—
last modified
Aug 20, 2009 04:52 PM
HONG KONG’S Pacific Basin Shipping has reported explosive growth in its Australian-based PB Towage subsidiary, including a substantial turnaround in profitability.
According to interim results, PB Towage made a net profit in the first half of 2009 of US$1.6 million (A$1.93 million) compared to a loss in the equivalent period last year of US$5.8 million.
The company has also revealed...
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