KDM revenue from cargo transport slides 5.7% yoy in 11M12

In its Dec. 12 trading update, KDM Shipping (KDM PW) reported a 5.7% yoy decrease in revenue from cargo transportation to USD 18.5 mln in 11M12. The revenue decline from general cargo, equipment and scrap metal transport was mainly compensated by an increase in shipping cement, wood and sunflower meal. November’s revenue grew 16% mom to USD 2.8 mln, driven mainly by sunflower meal and general cargo transport.