Eimskip reported a net loss of €1.0 million (about US$1.3 million) in the fourth quarter of 2012, plummeting 261.5 percent from a profit of $0.8 million in the fourth quarter of 2011.
However, quarterly operating revenue was $137.3 million, increasing 5.4 percent from $130.3 million in the same quarter in the previous year.
For the full year of 2012, the Icelandic shipping company posted profit of $16.6 million, down 3.1 percent from $17.1 million in 2011. Annual operating revenue rose 7.7 percent from $500.6 million in 2011 to $539.1 million in 2012.
Transported volume in the company’s liner services in the North Atlantic in 2012 increased 3.4 percent year-over-year, although the transported volume in the company’s refrigerated forwarding services fell by 0.6 percent, following “considerable” gains in 2010 and 2011, CEO Gylfi Sigfύsson said in a written statement.
“Operational results of 2012 are in line with our expectations,” he added.