The Athens-listed ferry group said the net deficit was reduced 21.2% to EUR 19.3m ($25.6m) despite “adverse conditions”.

Revenue was down to EUR73.7mfrom EUR 83.2m due to its ceasing inter-Cycladic operations and cutting its eastAegean route.

Twoships were chartered out to overseas owners at the end of June, which is expectedto enhance the “financial results and the liquidity of the second half of 2013.”