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Birka Line sinks into the red

The Local Sweden
The Local Sweden - [email protected]
Birka Line sinks into the red

Ferry company Birka Line has announced a loss before tax for the first six months of the year of 8.4 million euros. That compares to a profit of 4.8 million euros for the same period last year.

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According to Birka Line the reversal of fortunes is due to tougher competition and higher oil prices.

Turnover increased by 38% to 53 million euros.

TT/The Local

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