KDM Shipping Public Limited announced audited earnings results for the year ended December 31, 2016. For the period, the company reported revenue was USD 26,096,000 compared to USD 20,629,000 a year ago. Gross loss was USD 1,195,000 compared to USD gross profit was USD 152,000 a year ago. Loss before tax was USD 6,709,000 compared to USD 4,737,000 a year ago. Loss from continuing operations USD 6,670,000 compared to USD 5,050,000 a year ago. Loss for the year USD 8,194,000 compared to USD 5,840,000 a year ago. Loss per basic and diluted share was USD 0.88 compared to USD 0.63 a year ago. Net cash flows from operating activities was USD 4,284,000 compared to USD 209,000 a year ago. Payments for acquisition of vessels, property, plant and equipment were USD 49,000 compared to USD 1,299,000 a year ago.