Precious Shipping has slashed its net loss for the first three months of 2017 as it reduced operating costs.
The Thai-listed company reported a net deficit of THB 59.3m ($1.7m), compared to THB 1.2bn a year ago.
Operating costs were down to THB 535.5m, against THB 691m.
Thanks to higher freight rates Precious boosted its revenue from THB 860.9m to THB 1.06bn.
