TheSingapore-listed entity lost CNY 4.7m ($753,000) in the three months ended 31March 2014 versus a loss of CNY 757,000 a year ago.
Revenue declined 7.4% year-on-year to CNY 105.5m,but operating costs also declined coming in 3.5% lower at CNY 73.7m.
AvicMaritime attributed the deterioration in the result to lower shipbuilding revenue andlower ship design fee income.
However, it said income from the trading ofsteel plate and higher management service fee income have helped to offset the fallin revenue.
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