Source - SMW
Ocean Wilsons Holdings, which controls a maritime services and logistics company in Brazil, said its revenue and earnings both fell in the third quarter.

Revenue for the three months through September fell 12% to $114.1m, due to currency movements and lower towage and ship agency revenue.

Ebitda at key subsidiary Wilson Sons fell 5% to $45.8m.The fall, however, could be pinned on currency movements, with earnings rising 19.5% in Brazilian real terms, according to Wilson Sons Brazil head Cezar Baiao.

Towage results continued to be pressured by a very competitive environment affecting volumes and prices, the company said.






At 8:27am: (LON:OCN) Ocean Wilson Holdings PLC share price was -65p at 1130p



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