5/04/2016

Scorpio Bulkers first quarter losses widen

Scorpio Bulkers net loss widened in Q1 to $58.2m vastly outstripping revenues. The once rapidly expanding US-listed dry bulk player saw its first quarter loss widen to $58.2m compared to $52.1m a year earlier. The losses also far outstripped revenues, which fell to $10.2m in Q1 2016 against $12.3m in the same period a year earlier.