Tallink Grupp has reported a slight drop in second quarter profit but an upturn in its operating numbers.
It noted shipping activity had been aided by stable fuel prices and a rise in passenger numbers in the majority of its operating regions.
Profit for the second quarter if 2019 rang in at €14.9m, against the €15.3m put on the board at this stage a year ago.
It said cargo volumes had fallen but ticket and onboard sales, which account for more than 50% of revenue, were on the up.
Core operating profit was up over 16% at €50.7m.
Paavo Nogene, chief executive of Tallink Grupp, said: “The significant increase of our EBITDA in the second quarter, increased passenger numbers and increased revenue, are all evidence of a strong second quarter and have all played a part in the overall steady outcome we have achieved for the first half of 2019.”
Tallink Grupp has a fleet of 14 vessels on seven routes and operates four hotels.
