International Shipholding reports higher 4Q profit

Friday, February 08, 2013

International Shipholding Group said it had a profit of $11.5 million in the fourth quarter ending Dec. 31, compared to $1.8 million in the same 2011 period. Operating income for the quarter was $10.1 million versus $5.4 million a year earlier. Revenue was $56.8 million in the fourth quarter compared to $61.8 million. The profit included a non-cash foreign currency exchange gain of $4.7 million and a gain of $12.2 million on the sale of a vessel. &nb...

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