InterBulk has posted year-end results for 2012 that are in generally slightly down on 2011, although the group as a whole fared relatively well. Group revenue was £280.4m during its fiscal year ending September 30, a decrease of 6.7 per cent on the £300.4m posted for 2011. Similarly, EBITDA fell 11.7 per cent on 2011 figures to £21.3m. Utilisation for the year was 68 per cent, slightly down compared to 71 per cent at the end of the 2011 financial year. Revenues for InterBulk's liquid bulk segment, however, took a big hit as the European economic situation worsened and competition with other logistics providers grew more intense. On a more positive note, InterBulk continued its third consecutive year of deleverage, reducing its net debt by 14 per cent to £11.3m.
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