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The Shareholders Meeting approves the balance sheet for 2003
30 apr 2004
30 apr 2004
The Shareholders Meeting of Fincantieri, which met today in Trieste, has approved the balance sheet for the operating year 2003 which recorded a net profit of 90.7 million Euro compared to 76.9 million Euro the previous year.
The profit was allocated as follows: 4.5 million Euro (5%) to the legal reserve fund and the remainder, 86.2 million Euro, is carried forward.
Fincantieri Group results have also improved considerably: production value, at 2,342.8 million Euro, is up 7.1%; the operating result, at approximately 122.0 million Euro, is equivalent to 5.2% of production value; net profit, at 93.1 million Euro is up 16% from 80.2 million Euro in 2002. Moreover, liquid assets and net financial credits stand at 113.5 million Euro compared to 74.8 for the previous year, confirming the generation of a positive cash flow.
The current workload – on the basis of orders acquired in early 2004 as well - is approximately 5,000 million Euro.
Today Fincantieri has a market share of approximately 50% of the world cruise shipbuilding market.
The profit was allocated as follows: 4.5 million Euro (5%) to the legal reserve fund and the remainder, 86.2 million Euro, is carried forward.
Fincantieri Group results have also improved considerably: production value, at 2,342.8 million Euro, is up 7.1%; the operating result, at approximately 122.0 million Euro, is equivalent to 5.2% of production value; net profit, at 93.1 million Euro is up 16% from 80.2 million Euro in 2002. Moreover, liquid assets and net financial credits stand at 113.5 million Euro compared to 74.8 for the previous year, confirming the generation of a positive cash flow.
The current workload – on the basis of orders acquired in early 2004 as well - is approximately 5,000 million Euro.
Today Fincantieri has a market share of approximately 50% of the world cruise shipbuilding market.