Grupo TMM reported a net loss of 235.1 million Mexican pesos (about US$18.3 million) in the second quarter of 2013, compared with a net loss of 218.4 million pesos in the second quarter of 2012.
In the first six months of 2013, the Mexican intermodal transportation and logistics company reported a net loss of 400.7 million pesos, versus 357.1 million pesos in the first half of last year.
Revenue in the second quarter was 716.4 million pesos, up 12.4 percent from 637.2 million pesos in the same quarter in the previous year, and revenue in the first half of 2013 was 1.38 billion pesos, up 10.0 percent from 1.26 billion pesos in the first six months of 2012.
Maritime revenue improved 12.9 percent year-over-year in the second quarter and 8.9 percent from January to June. Quarterly revenue from ports and terminals rose 11.6 percent year-over-year, while the segment’s revenue in the first half of the year jumped 19.1 percent.
“At maritime, the offshore business continued to excel with 95 percent utilization and increased revenue and operating profit compared to the second quarter of 2012,” said José F. Serrano, chairman and CEO of Grupo TMM, in a written statement. “At ports and terminals, revenue improved in both 2013 reported periods compared to the same periods of 2012, mainly attributable to higher volumes at the automotive and at the maintenance and repair segments.”
“Going forward, we expect to take advantage of new business opportunities at maritime, as Mexico's energy reform is approved,” he concluded. “Additionally, we anticipate announcing an agreement for a new project to grow TMM before year end.”