HCI Hammonia Shipping AG announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2012. For the second quarter, the company reported revenues of EUR 16,641,000 against EUR 16,516,000 for the same period a year ago. Vessel operating results was EUR 8,015,000 against EUR 10,464,000 for the same period a year ago. Result from shaping operations was EUR 8,703,000 against EUR 9,469,000 for the same period a year ago. Earnings before interest and tax were EUR 2,100,000 against EUR 4,115,000 for the same period a year ago. Loss before tax was EUR 2,199,000 against earnings before tax of EUR 693,000 for the same period a year ago. Net loss for the period was EUR 2,305,000 against net profit of EUR 670,000 for the same period a year ago. Loss per basic and diluted share was EUR 16.90 against earnings per basic and diluted share of EUR 4.91 for the same period a year ago.

For the six months period, the company reported revenues of EUR 34,975,000 against EUR 33,703,000 for the same period a year ago. Vessel operating results was EUR 18,636,000 against EUR 21,568,000 for the same period a year ago. Result from shaping operations was EUR 19,925,000 against EUR 20,205,000 for the same period a year ago. Earnings before interest and tax were EUR 6,859,000 against EUR 8,806,000 for the same period a year ago. Loss before tax was EUR 2,061,000 against EUR 100,000 for the same period a year ago. Consolidated net loss for the period was EUR 2,267,000 against EUR 146,000 for the same period a year ago. Loss per basic and diluted share was EUR 16.62 against EUR 1.07 for the same period a year ago. Cash flow from operating activities was EUR 10,962,000 against EUR 11,789,000 for the same period a year ago. Payments for investments in intangible assets and property, plant and equipment was EUR 332,000. Net loss attributable to owners of the company was EUR 2,267,000 or EUR 16.62 per share against EUR 146,000 or EUR 1.07 per share for the same period a year ago. EBITDA was EUR 19,925,000 against EUR 20,205,000 for the same period a year ago.

The company announced that it expects a negative net result in the upper single digit million Euros in 2012. For the year 2013, the company expects a negative net result as well, if some what improved in comparison with the year 2012. It applies for the both financial years that unforeseeable special items might affect the results decisively. The company expects that by 2014 the container market should have stabilized again, and the consolidated net result of the company will recover significantly.