KDM Shipping Public Limited reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of USD 22,172,000 against USD 31,486,000 a year ago. Loss from operating activities was USD 13,842,000 compared to profit from operating activities of USD 6,438,000 a year ago.

Loss before taxation was USD 13,842,000 compared to profit before taxation of USD 6,336,000 a year ago. Loss for the year attributable to the owners of the company was USD 13,214,000 or USD 1.42 per basic and diluted earnings per share against profit for the year attributable to the owners of the company of USD 6,769,000 or USD 0.80 per basic and diluted earnings per share a year ago. Net cash flows used in operating activities was USD 2,464,000 compared to USD 960,000 a year ago.

Payments for acquisition of vessels, property, plant and equipment was USD 14,000 compared to USD 7,444,000 a year ago.