Minoan Lines says net profits at 7.4 mln euros in January-September

Minoan Lines Group on Monday said its net profits totaled 7.4 million euros in the January-September period, with turnover at 62.6 million euros.

Consolidated results were positive despite a significant increase in international fuel prices. EBITDA amounted to 19.5 million euros in the nine-month period, while consolidated equity capital was 287.6 million euros, or 2.69 euros per share. Minoan Lines said its bank borrowing was 148.2 million euros at the end of September.