CMA sails into calmer waters

CALEDONIAN Maritime Assets (CMA), the Port Glasgow-based company spun out from Caledonian MacBrayne to own harbours and ferries, has narrowed its losses after there was no repeat of last year’s giant pension deficit payment.

By The Newsroom

Published 22nd Oct 2011, 01:04 BST

Accounts filed at Companies House showed CMA narrowed its pre-tax losses to £3.6 million in the year to 31 March from £8.4m in 2010, when the firm made an £8m pensions pay-out.