The Nasdaq-listed operator has finally lost patience with the segmentafter several quarters of lacklustre performance and is looking for a buyer.
GLDD carded a net loss of $11.5m for the three monthsto 31 December versus a deficit of $0.1m in the same period of 2012.
However revenue increased by 14% to $216.3thanks to its Terra Contracting business acquired at the end of 2012.
GLDD has a contract backlog of $543.4m
