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EMAS Offshore's 2Q losses narrow but still faces creditor claims

Samantha Chiew
Samantha Chiew • 1 min read
EMAS Offshore's 2Q losses narrow but still faces creditor claims
SINGAPORE (Dec 14): EMAS Offshore belatedly reported losses in 2Q18 ended Feb narrowed to US$15.98 million ($21.6 million) from US$140.5 million in 2Q17.
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SINGAPORE (Dec 14): EMAS Offshore belatedly reported losses in 2Q18 ended Feb narrowed to US$15.98 million ($21.6 million) from US$140.5 million in 2Q17.

Group revenue increased 24% to US$38.0 million from US$30.5 million a year ago.

Cost of sales were down 1% to US$45.3 million from US$45.9 million last year.

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