Shipping - Oil & Gas Tankers, Dry cargo, LNG Message Board

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Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG

GLNG 41.05

+1.4%

Oct 31 9:30 AM EDT

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From: Paul Kern	8/19/2010 8:03:01 AM
	of 2659

RTTNews) - Shipping and logistics company Navios Maritime Holdings Inc. (NM: News ) Thursday reported a surge in second quarter profit, primarily reflecting robust sales. For the quarter, net income attributable to Navios Holdings common stockholders rose 110% to $46.51 million from $22.14 million last year. On a per share basis, earnings increased to $0.40 from $0.21 a year ago. On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share. Analyst's estimates typically exclude special items. Revenue for the three months increased to $165.45 million from $142.21 million in the previous year. Market expectation was for revenues of $143.90 million for the period. The board of directors declared a quarterly cash dividend for the second quarter of 2010 of $0.06 per share of common stock. This dividend is payable on October 6, 2010 to stockholders of record as of September 22, 2010.

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