Kockums Profit Continues With Backlog of Orders Worth SEK 4,700 Million

As of the first eight months of this year, Kockums AB of Malmo, Sweden shows a surplus of SEK 31 million (last year 39+ million) and expects a surplus for the entire year equal to that of 1982 (SEK 56 million). The eight-month report indicates that the value of the order backlog at the end of the period amounted to SEK 4,490 million. Since then, the last in a series of four RO/RO ships for Saudi Arabia has been delivered and a contract has been signed for two car transport ships for the Wallenius Shipping Company of Stockholm. The value of the order backlog now stands at SEK 4,700 million and provides full coverage until 1987 for the lower level decided upon.

The turnover for the whole year is expected to be more than SEK 1,400 million, of which 1,300 million is for export. "The order backlog now gives us the opportunity to make further efforts to streamline the company and carry out development in areas of strategic importance to us," says Kockums' president Goran Herslow.

Maritime Reporter Magazine, page 28,  Dec 15, 1983 Allan L. Yoder

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