The Singapore and Hong Kong-listed bulker owner recorded a loss of $8.7m, versus a deficit of $6.1m in the comparable quarter a year prior.
Turnover dropped by less than a percent to $4.3m year-on-year as a result of the market downturn while cost of sales fell 45% to around $5m due to reductions in items likes insurance and crewing fees, the company told investors Tuesday.
Going
