ChemOil: Announced 4Q results, with a net loss of $1.8m, due largely to one time write off ($5.1m), bringing FY10 netloss to US$ 9.5m. FY10 losses due mainly to losses incurred in 1Q10 and the slow pace of margin recovery throughout the yr….
4Q10 result was the strongest operating performance by the Group in 2010 with gross
contribution per metric ton (GCMT) reaching US$ 6.70/mt. Sales volumes for qtr were 4.1m mt, up 3% from 4Q2009, while full year sales volumes likewise rose by 3% to 15.6m mt for FY10….
Going forward, grp aims to continued to improve operational efficiency through a rationalization of our operating assets resulting in better utilization rates in certain ports, through the reduction in barging and pipeline costs in.
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