KDM in reverse

Ukraine's KDM Shipping has fallen to a loss in the first half as revenue dropped.

The bulker and general cargoship company said it posted a deficit of $6.54m for January-June, from a profit of $3.9m in the same period of 2013.

The Warsaw-listed owner added that revenue fell by 5.4% to $11.45m.

KDM president Kostiantyn Molodkovets owns 78.5% of the company.

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