Chilean Ultrabulk, which is based in Gentofte near Copenhagen, achieved a slight operating profit (EBITDA) of USD 1.1 million, and a bottom line deficit of USD 800,000 in the first half of 2015, a period that brought a significant decline in revenue.
"The market in the first half of 2015 proved tougher than expected, but with a fairly balanced book we were able to limit the negative impact," says Ultrabulk CEO Per Lange in a comment on the second quarter interim report.
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