Pacific Basin took a huge $190m impairment for the disposal of its ro-ro fleet last year.
Revenue rose 11% to $766.8m from $691m previously mainly due to increases in handysize and handymax revenue days and underlying profit jumped more than four times to $13.6m from $3.2m previously as increased dry bulk segment net profits and reduced loss from the discontinued ro-ro operations boosted gains.
Segment net profit was up by nearly half to $25.8m mainly due to a stronger handymax contribution compared to the first half of 2012.
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