Company Financials – Page 45
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Rodriguez reports first-half loss
The French boatbuilder has reported an operating loss of 78.4m for the six months ended March 31, 2009
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Decision imminent on Dometic's restructuring
A consortium of 70 banks is in discussions concerning the future funding arrangements for the company with BC Partners
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Iridium announces strong Q2 growth
The global satellite communications provider saw net income grow by 52.9 per cent in the second quarter of 2009
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Yamaha reports drop in global marine sales for first half of year
Global marine products down 41 per cent, with greatest declines in North America and Europe
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MarineMax sales drop 44 per cent for Q3
Same-store sales also fell 39 per cent, but the national retailer cut inventory levels by 34 per cent
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Brunswick Q2 sales drop 52 per cent on weak marine sales
Brunswick posted a net loss of US$163.7m, but improved its cash position and reduced inventory levels
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New marina development seeks investor
A joint investor is being sought for a new marina development in southern Spain
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MPC sales off nearly 80 per cent for Q2
Despite the dire numbers, the parent company of Chaparral and Robalo has reduced field inventories by 45 per cent since the start of 2009
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West Marine settles with SEC
The US Securities and Exchange Commission resolves its investigation of West Marine, with no penalties or fines
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Marine business latest stock price review
Mercury Marine sets up internet micro-sites, Raymarine issues safety recall, Teleflex sells Power Systems business, Caterpillar and Volvo release Q2 results, and West Marine settles with SEC
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Volvo reports drop in Q2 sales
The group's marine division, Volvo Penta, saw a 32 per cent decline in sales to SEK 2,258m
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UK boatbuilder in hunt for investors
Watermark Marine is searching for investors so it can continue production at its Xiamen, China boatyard
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AMH sold to private investors
The parent company of Donzi and Pro-Line will retain its current management
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MarineMax amends credit facility
The amendment increases the boat retailer's borrowing availability to US$300m while allowing for a US$40m loss in fiscal 2009
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Twin Disc to furlough factories in US and Europe
The company expects to create US$25m in operational savings from the cuts this year
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Gander Mountain reports higher sales, lower net loss
The US retail chain also reported same-store sales gains of 7 per cent for Q1
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Industry reacts to Genmar's Chapter 11 filing
The list of creditors include Volvo Penta, Mercury Marine and many other marine suppliers
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Genmar files for Chapter 11 bankruptcy protection
The second-largest boatbuilder in America said tighter loan requirements pushed it into bankruptcy protection
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Yamaha reports 35 per cent drop in Q1 sales
Marine product sales in both the US and Europe fell by about 50 per cent
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West Marine sales down 11 per cent
Even with a net loss of US$14.8m, West says it was the strongest first quarter since 2005
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