Nam Cheong sinks into the red in 3Q on forex loss and finance costs
PC Lee • • 2 min read
SINGAPORE (Nov 14): Nam Cheong, the debt-saddled Malaysian shipbuilder and vessel charterer, sunk into 3Q losses of RM48.6 million ($15.8 million) as the result of the foreign exchange loss and finance costs, compared to earnings of RM0.76 million a year
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SINGAPORE (Nov 14): Nam Cheong, the debt-saddled Malaysian shipbuilder and vessel charterer, sunk into 3Q losses of RM48.6 million ($15.8 million) as the result of the foreign exchange loss and finance costs, compared to earnings of RM0.76 million a year ago.
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