Polaris Shipping Co., Ltd. announced financial results for the 1st Quarter, ended March 31, 2016.

Compare to last year’s 1Q, Revenue decreased by 21.7% which makes 1.5 trillion KRW. Its due to muted global trade growth and the economic slowdown. Even in this serious economic crisis, operating Income increase by 6.3%, 3.2 billion KRW.

Polaris’s 2016 first-half results are as below.