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Wisdom Marine records lower full year profit
Taiwan's dry bulk shipowner Wisdom Marine has recorded lower profits in 2013 over the previous year due to higher operating costs.
1 Min Read
Kalyakan - stock.adobe.com
The Taipei-listed shipowner posted a full year profit of $48.47m, a drop of 31.8% compared to a profit of $71.02m in 2012.
Revenue was stable at $280.49m but operating costs jumped to $223.68m from $198m over the same period.
Wisdom Marine currently listed a fleet strength of 89 bulk carriers and it is further expected to take in more newbuildings constructed at Japanese shipyards.
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