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Jinhui portends significant third quarter deficit

Oslo-listed Jinhui Shipping and Transportation expects to book a significant consolidated deficit in the third quarter, informs management ahead of the dry bulk carrier's third quarter interim report.

It will not be pretty when Hong Kong-based dry bulk carrier Jinhui Shipping and Transportation publishes its results for the third quarter and the first nine months of the year, the carrier's board of directors informs the Oslo Stock Exchange, where the company is listed, in a preliminary evaluation of the quarter.

"The company is expected to record a significant increase in consolidated net loss for the third quarter and nine months ended 30 September 2015 as compared to the  corresponding quarter and period in 2014," says the board of directors.

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