The Indian shipowner and energy company reported a consolidated net loss of INR 579m ($9.09m) in the period ending 30 June, which was deeper than the INR 280m loss a year earlier
On a standalone basis, with non-owned shares of partly owned subsidiaries factored out, Mercator reported a loss of INR 354m, compared to INR 123m a year earlier.
The company, whose bonds are listed on the Singapore Exchange, released the declining result less than two weeks after bulker subsidiary Mercator Lines (Singapore) reported a 38.9%
