The heavy-lift and ro-ro unit of state-owned Cosco said thenet deficit was CNY 13.1m ($2.1m) to 31 March, from CNY 45m in the same period of2013.
Revenue dipped to CNY 1.67bn from CNY 1.74bn.
The operating loss was cut to CNY 9m from CNY 44.3m the yearbefore.
