Mercator Lines (Singapore), the international dry bulk shipper for India and China, says it has achieved a net profit of US$27.8 million ($38.9 million) for the nine-month period from April to Dec 2009, a decline of about 55% compared to the corresponding period in the previous year.
The group’s revenue during the nine months of the current fiscal year (FY2010) dropped to US$105 million from US$120 million achieved for the same nine-month period in the previous fiscal (FY2009).
