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Italy’s Moby Group Reports Loss In 2018

Italy’s Moby Group reports loss in 2018

Source: Autorita’ di Sistema Portuale del Mar Ligure Occidentale

Genoa, Italy (PortSEurope) May 2, 2019 – Italy’s Moby Group recorded a loss of €62.6 million ($70.2 million) in 2018, versus a net profit of €23 million ($25.8 million) a year earlier. Revenues fell slightly to €584.3 million ($654.8 million) last year, but the financial performance worsened due to the higher costs, the company said. “The higher costs were mainly due to the increase in the price of the bunkering services, as well as the significant cost of…

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