Business News

Norwegian coastal express company posts weaker results

Nov 26, 2008, 13:52 GMT

Oslo- The Hurtigruten shipping company that operates the Norwegian coastal express Wednesday posted weaker third-quarter results over higher fuel costs and fewer passengers and said it would cut half its land-based staff. The company posted a pre-tax profit of 60 million kroner (8.5 million dollars), a 81-million-kroner drop year-on-year. The group reported 934 million kroner in sales for the quarter, compared to 978 million kroner in the corresponding business period last year. Management said it aimed to trim costs by 35 per cent during 2009, resulting in 200 fewer land-based jobs, of which 80 in Norway. The group currently has some 400 land-based employees. In addition to serving coastal communities and stopping at 34 ports, the company also offers cruises along the Norwegian coast as well as to Spitsbergen, Greenland and Antarctica.

On the Web

Blowing Up Blogs

Place your ad here
Loading...

Your Talkback on this Story

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Like M&C on Facebook

Custom Search

Viral Web

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games Herald; XPRNC; Deutschland (Der Technikbote); Deutschland (Bellalu)

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2012 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint