Wintermar Offshore Marine has lowered its loss for the first six months of the year on improved revenue.
The company reported net loss attributable to shareholders of $4.4m compared to $7.4m loss. Gross profit came in at $4.8m, compared to a loss of $1m for the same period in 2017.
Results were driven by a 34% jump in owned vessels revenue from better utilisation of high tier vessels, Wintermar said.
