08.05.2007, 09:41
US Dollar Weakness and Low Volume of Transshipments Resulted in OJSC "TMTP"
OREANDA-NEWS. A decrease in the volume of transshipments, due to poor weather conditions resulted in lower sales revenue and profits in Q1 2007 compared with Q1 and Q4 of the previous year. Moreover, another factor contributing to the decrease in the company’s financial results was US dollar weakness because the sea port tariffs are regulated by state authorities and denominated in US dollars.
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