TTA steams back into black on higher rates
- Published: 23/02/2012 at 03:01 AM
- Newspaper section: Business
Thoresen Thai Agencies (TTA) projects a return to profitability in its second fiscal quarter ending March 31, while full-year revenue will grow by 10-15%.
Thitima Rungkwansiriroj, the company's chief financial officer, said TTA projects freight rates in the second quarter will improve to US$11,500 per bulk per day from between $8,000 and $9,000.
The company can break even at $10,000 per day.
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About the author
- Writer: Nuntawun Polkuamdee
- Position: Business Reporter
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