Mass media publications
The FESCO transport group's core shareholder hopes to agree a debt restructuring plan with the holders of Eurobonds before the end of the year. According to a schedule presented in the summer, this should be done in December, "before Christmas."
The FESCO transport group boosted earnings before taxes, depreciation and amortization (EBITDA) 15.2% year-on-year in July to $7.6 million, the company said. However EBITDA plummeted 32% in January-July to $47 million. Sales revenue fell 19.9% to $45.9 million in July and 31% to $303.8 million in 7M.