Tropical expects better earnings in 2013

Ocean

Thursday, February 07, 2013

The parent company of Tropical Shipping said it expects the Caribbean carrier to have higher earnings before interest and taxes (EBIT) in 2013 than last year. AGL Resources, a natural gas utility that acquired Tropical as a result of its purchase in December 2011 of Nicor, an Illinois-based gas utility, said it expected Tropical to have EBIT of $10 million to $20 million in 2013 compared to the $8 million it recorded in 2012. (That positive EBIT came as a result of a positive...

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