The company is expecting to post a pre-tax deficit of between£13m ($21.63m) and £14m to 31 October, compared to a profit of £0.8m in the previous12 months.
Part of this is due to a £6.7m impairment on the value of its 20,200–gt Discovery (built 1971),which it has decided to sell at the end of the summer.
The vesselwas trading at an annual £4m loss.
“The
