However measures to tackle costs coupled with a recent turnaroundin dry bulk markets appear to have set the SGX-listed company on the road torecovery.
The Indian bulker owner reported a net loss of $5.4m for thethree months to 30 September against a deficit of $256,000 for the same perioda year ago.
Second quarter revenue tumbled 40% to $21.4m.
For the half year, Mercator booked a net loss of $12.1m
