Pre-taxprofits were NOK370m ($62m) for the three months ended 30 June 2012 versus theNOK407m of a year ago.
STXOSV booked second quarter EBITDA of NOK460m, while the cruise and ferry armmade a loss of NOK41m.
STXEurope described the latter’s result as “unsatisfactory” and blamed the problemon “overall lower activity levels.”
“Theunsatisfactory result for the area was mainly due to higher than expectedcapacity costs resulting from lower activity, especially in STX Finland, whichadversely affected the business area result for the quarter,” STX Europe said.
“Fullefforts
