MARNA Beteiligungen AG

Earnings Release • Sep 22, 2008

News Details

Ad-hoc | 22 September 2008 20:30

Marenave Schiffahrts AG: Profit forecast for 2008 has been increased from USD 9.7 M to USD 13.7 M.

Marenave Schiffahrts AG / Forecast/Final Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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The board of directors of Marenave Schiffahrts AG, Hamburg, Germany would
like to announce that decision has been taken to extend the current
amortization period of twenty years for its vessel to twenty-five years as
of 1st January 2008.

One reason for this extension is the fact that an amortization period of
twenty-five years is establishing itself as an industry standard. In
addition, an analysis carried out by Marenave Schiffahrts AG has shown that
the current average service life of ships scrapped worldwide over recent
years is around twenty-five years at the time of scrapping.

As result, the profit forecast for 2008 has been increased from USD 9.7 M
to USD 13.7 M. and the profit forecast for 2009 has been increased from USD
10.1 M to USD 14.1 M.
22.09.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Marenave Schiffahrts AG
Axel-Springer-Platz 3
20355 Hamburg
Deutschland
Phone: 040 / 28 41 93 0
Fax: 040 / 28 41 93 297
E-mail: info@marenave.com
Internet: www.marenave.com
ISIN: DE000A0H1GY2
WKN: A0H1GY
Listed: Regulierter Markt in Hamburg; Freiverkehr in Berlin, München;
Open Market in Frankfurt

End of News DGAP News-Service

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