KDM Shipping Public Limited announced earnings results for the first quarter of 2013. For the quarter, the company generated revenues of USD 5.74 million, or 106% greater than the same period in 2012. Operating profit was USD 2.05 million, representing an increase of 146.5%, against USD 830,000 a year ago. Net profit was USD 1,958,000 against USD 741,000 a year ago. Results were achieved mainly to improvement in the dry bulk shipping segment.

The company also announced operating results for the first quarter of 2013. For the quarter, the company shipped a total of 165,100 tonnes of cargo, representing an increase of 110.4% year-on-year, generating revenues of USD 4.77 million and a net profit of USD 1.63 million, 106.4% and 173.3% greater than the same period in 2012 respectively.