Jutha cuts loss

Thai multipurpose owner Jutha Maritime has reduced its net loss in the first quarter as revenue rose.

The company said its deficit was THB 14.91m ($0.46m) to 31 March, down from THB 29.15m in the same period of 2013.

Revenue rose to THB 110.47m, against THB 100.64m the year before.

But costs were still higher than this figure, at THB 115.5m, compared to THB 118.2m in 2013.