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Navios Holdings trims loss
Improved revenue from its bulker fleet has helped Navios Maritime Holdings to a smaller than anticipated second quarter loss.
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Found an interesting story?
Navios Holdings trims loss
Improved revenue from its bulker fleet has helped Navios Maritime Holdings to a smaller than anticipated second quarter loss.
Angeliki Frangou’s flagship company recorded an adjusted loss of $7.7m for the quarter, a reduction from the $15.9m reversal of a year ago.
Its loss per share of $0.09 was ahead of the $0.15 per share red figure analysts has pencilled in for the three months to the end of June.
Revenue climbed 16% to $145.41m on a larger fleet, increased time charter rates and higher income from its logistics business.
This helped core operating profit up by a third
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