Minoan Lines Shipping SA announced interim group and parent earnings results for the second quarter and six months ended June 30, 2012. For the quarter, on consolidated basis, the company reported revenue of EUR 67,504,594.92 against EUR 35,869,192.64 a year ago. Operating loss before financing costs was EUR 15,629,936.54 against 5,246,255.76 a year ago. Loss before tax was EUR 21,004,422.30 against EUR 7,764,993.19 a year ago. Loss attributable to owners of the parent company was EUR 21,006,257.43 against EUR 7,762,152.88 a year ago. Basic and diluted loss per share after tax was EUR 0.2962 against EUR 0.1094 a year ago.

For the six months, on consolidated basis, the company reported revenue of EUR 79,326,655.17 against EUR 44,792,873.59 a year ago. Operating loss before financing costs was EUR 19,101,154.71 against 11,279,525.80 a year ago. Loss before tax was EUR 24,812,204.75 against EUR 14,340,903.47 a year ago. Loss attributable to owners of the parent company was EUR 24,714,501.58 against EUR 14,237,586.24 a year ago. Basic and diluted loss per share after tax was EUR 0.3485 against EUR 0.2007 a year ago. Net cash flow used in operating activities was EUR 5,293,132.82 against EUR 10,749,970.14 a year ago. Purchase of property, plant and equipment were EUR 136,967.29 against EUR 270,489.77 a year ago.

For the quarter, on parent basis, the company reported revenue of EUR 67,454,105.53 against EUR 35,844,086.72 a year ago. Operating loss before financing costs was EUR 15,618,112.36 against 5,217,929.15 a year ago. Loss before tax was EUR 20,993,125.59 against EUR 7,737,101.41 a year ago. Loss attributable to owners of the parent company was EUR 20,993,125.59 against EUR 7,737,101.41 a year ago. Basic and diluted loss per share after tax was EUR 0.2960 against EUR 0.1091 a year ago.

For the six months, on parent basis, the company reported revenue of EUR 79,277,514.36 against EUR 44,768,265.76 a year ago. Operating loss before financing costs was EUR 19,096,939.15 against 11,253,715.59 a year ago. Loss before tax was EUR 24,808,437.86 against EUR 14,315,589.46 a year ago. Loss attributable to owners of the parent company was EUR 24,808,437.86 against EUR 14,315,589.46 a year ago. Basic and diluted loss per share after tax was EUR 0.3498 against EUR 0.2018 a year ago. Net cash flow used in operating activities was EUR 5,250,274.67 against EUR 10,725,796.05 a year ago. Purchase of property, plant and equipment were EUR 136,967.29 against EUR 270,489.77 a year ago.