Port News & Information Mediterranean, Black & Caspian Seas

Italy’s Moby Group reports loss in 2018

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Genoa, Italy (Ports Europe) 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…

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