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Silja Hopes To Break Even In 1997

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BSCAL

Finnish passenger ferry operator Silja Oy Ab said it expected earnings for the current year to reach or exceed break-even.

The group's favourable trend is expected to continue and it is estimated that earnings for 1997 should be able to attain or exceed the break-even level, Silja said.

Silja said the group's positive operating cash flow would strengthen. For its Baltic Sea passenger ferry arm Silja Line, it said the earnings improvement was expected to continue.

The results of its English channel passenger ferry operator Sally were expected to improve significantly as of spring 1997, Silja said referring to restructuring started last autumn.

 

Silja said its 1996 result

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First Published: Feb 17 1997 | 12:00 AM IST

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