The company said the net deficit was just EUR 5,000 ($7,000) to 31 March, compared to EUR 123,000 in the same period of 2013.

Revenue climbed to EUR 70.77m from EUR 65.39m, and operating profit was EUR 3m, against a loss of EUR 0.47m.

But it lost EUR 0.9m from currency movements, compared to a gain of EUR 2.8m in 2013.

The company operates 116 ships, owning 85 of them.

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