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Mercator Lines (Singapore) Ltd Comments On Nine Months Ended December 31, 2012 And Q3 2013 Earnings Guidance

Wednesday, 6 Feb 2013 07:23pm EST 

Mercator Lines (Singapore) Ltd announced that third quarter of 2013 and nine months period ended December 31, 2012, it expects to record net loss. The expected drop in the Company‚Äôs profits for third quarter of 2013, is primarily attributable to loss on sale of the vessel, MV Prem Putli, compensation and provisions pursuant to negotiations/settlement agreements with the owners of long term chartered in vessels and lower revenue due to adverse market conditions. 

Company Quote

0.0010 +1.16%
1 Aug 2014