You are here

Mercator loss balloons on exceptional items

Full-year deficit of US$125.37m, up from preceding year's US$22.76m


DRY bulk shipping company Mercator Lines' loss for the full year ended March 31, 2015, widened to US$125.37 million, versus US$22.76 million a year ago, as the bottom line was hit by exceptional items.

Exceptional items included US$63.5 million for allowance of impairment