Thailand’s Precious Shipping has posted a bigger deficit for 2016 after losing money on vessel sales.
The bulker owner said its net loss was THB 2.66bn ($75.93m), from THB 2.42bn in 2015.
Revenue was down at THB 3.79bn, against THB 4.26bn the year before.
Depreciation fell, but it took a THB 680m hit from the disposal of 13 bulkers in 2016. This compares to THB 279m the year before, when it sold three units.
Precious
