Croatian bulker owner Atlantska Plovidba has recorded a drop in nine-month earnings on lower revenue.

It said net profit fell to HRK 4.7m ($723,440), against HRK 40.5m a year ago.

Revenue was down at HRK 275.5m versus HRK 358.6m, while total costs decreased to HRK 270.8m from HRK 316.1m, it told the Zagreb stock exchange.

Atlantska had 247 staff and 12 vessels as of 30 September.