Finnlines Reports 62 Percent Profit Drop

Finnlines reported January-August profit before extraordinary items falling to $54 million from $141.7 million. Finnlines' four-month results in May showed profits plunging, and the company said full-year results would be lower year-on-year. Officials said in the company's January-August report that operating profit had slumped 72 percent to 37.4 million euros due to a strong imbalance between export and import volumes, increasing fuel prices, and falling transports to Russia and East Asia.