RIGA (Bloomberg) — AS Latvian Shipping Co. reported a first-half loss of 13.4 million lati ($24 million) after revenue fell 57 percent to about 24 million lati, the company said in a statement on the Riga stock exchange.

The company reported a loss per share of 0.07 lati, compared with earnings per share of 0.02 lati a year earlier.