SEACOR Holdings Inc (CKH) swung to a net profit for the quarter ended Mar. 31, 2017. The company has made a net profit of $4.08 million, or $ 0.24 a share in the quarter, against a net loss of $27.19 million, or $1.62 a share in the last year period.
Revenue during the quarter dropped 10.98 percent to $190.45 million from $213.93 million in the previous year period. Operating margin for the quarter stood at negative 7.72 percent as compared to a negative 4.68 percent for the previous year period.
Operating loss for the quarter was $14.71 million, compared with an operating loss of $10.02 million in the previous year period.
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