New York-listedParagon reported a net loss of $7.5m for the three months to 30 September, whichrepresents a significant improvement when compared to the $18.8m worth of redink recorded in the same quarter of 2012.
Net revenue roseto $13.4m from $12.9m year-on-year even though the Athens-based operator’s fleetof 13 bulkers watched daily time charter equivalent rate averages slide to $9,274from $11,574 in the third-quarter of 2012.
Adjustedearnings
