Revenues plunge but profits surge for Pan Ocean

Pan Ocean reported $572.98 million of gross revenues in the third quarter of 2019, which was 17.0% lower than the corresponding period in 2018. 

“Sales decreased by 12% compared with the third quarter of 2018 due to a decrease of nearly 5.5% in the volume of shipments and a decrease of sales of grain business,” the company said in a presentation.

The damage was partially offset by a…

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