SUBSCRIBERS
Mercator loss balloons on exceptional items
Full-year deficit of US$125.37m, up from preceding year's US$22.76m
Published Fri, May 22, 2015 · 09:50 PM
Singapore
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 of vessels and US$18.85 million for provision for an onerous contract.
Copyright SPH Media. All rights reserved.
