Chilean carrier CSAV has reported a reduced first-quarter loss of $96m, down from a loss of more than $205m a year ago, thanks to improved market conditions and cost structures. During the first three months of the year, the deepsea carrier saw revenues climb 3.9% year on year to $877m. Its operating loss for the quarter narrowed by 69.3% to $54.2m, excluding a one-off provision to cover costs the company may incur as a result of investigations into breaches of free competition in its car carrier business.
展开▼
