Lorenzo Shipping Corporation (LSC) has trimmed its loss in the third quarter of the year following the launch of its “turnaround project”.
The Manila-based company reported a net deficit of PHP 18.9m ($0.38m) from July to the end of September, against red ink of PHP 164.54m a year ago.
Its operating expenses rose from PHP 503.3m to PHP 555.6m
LSC reported operating revenue of PHP 565.2m,
