Jutha Maritime has seen its nine-month loss grow on the back of smaller revenue and more expenses.
The Thailand-listed owner said its red ink between January and September amounted to THB 98.25m ($2.77m), against THB 7.9m a year earlier.
The company’s expenses climbed from THB 313.6m to THB 330.9m.
Jutha reported nine-month revenue of THB 260.8, lower than the THB 333.7m posted in the same period of 2015.
The company controls a small fleet of six multipurpose ships built between 1995 and 2011.
