German shipping asset manager MPC Capital has seen profit chopped in the first quarter as revenue fell.
Earnings before tax were EUR 3.2m ($3.58m), compared to EUR 10.4m in the same period of 2015, when it enjoyed "exceptionally high" transaction fees.
Revenue dropped to EUR 8.9m from EUR 17.2m, but the company said it had made a "successful start" to the year.
Looking
