Seanergy Maritime Q2 Loss Narrows - Quick Facts

(RTTNews) - Seanergy Maritime Holdings Corp. (SHIP) reported that its second quarter of 2013 net loss narrowed to $14.8 million or $1.23 loss per share, from $28.4 million or $2.37 loss per share in the same quarter of 2012.

Adjusted net loss totaled $5.1 million, compared to $3.3 million in the same quarter of 2012.

Net revenues in the second quarter of 2013 totaled $6.8 million compared to $18.1 million in the same quarter of 2012, a reduction of 62%. Apart from the adverse dry bulk market conditions, the decrease in net revenues reflected the operation of a smaller fleet as compared to the second quarter of 2012. An average 7.1 vessels were owned in the second quarter of 2013, compared to 18.8 in the corresponding quarter of 2012.