It has announced that it is also expected to report a net loss in the fourth quarter and full year results due to impairment of goodwill in a subsidiary on top of the tough market conditions.
SINGAPORE (Feb 22): Baker Technology has not been spared from the weakness facing the oil and gas industry.
A provider of specialised equipment and engineering solutions to oil companies and rig builders, Baker Tech sank to a net loss of $1.5 million in 3Q on the back of a 10% decline in revenue.
