The company posted a net loss of $33.7 million for the third quarter, up from the $50.8 million net loss reported in the second quarter, and a further improvement from the $63.3 million loss for September last year.

However, the nine months to September 2012 ended at a net loss of $119.77 million, which is still further in the red than it was by the first nine months of last year, at $86.35