Extraordinary costs arising from its $590m takeover of Silja Line and the initiation of a new high speed vessel have eaten into profits for Estonia’s ferry group Tallink.
Net income dropped to EUR 2.5m ($3.4m) in the three months ended May 31, down 49% on the same period last year despite a near doubling in sales to EUR 186m.
The company sustained charges of around EUR 4m relating to last year’s takeover of Silja in the period.
