Group revenue in 4Q16 and FY16 softened by 11.9% and 10.1% to US$41.4 million and US$209.1 million respectively, due mainly to lower contributions from its vessel management services.
SINGAPORE (Feb 13): Vallianz Holdings, the provider of offshore support vessels, reported a 35.4% fall in earnings of US$3.1 million ($4.4 million) for the three months ended 31 December 2016 (4Q16).
This brings the group’s earnings to US$15.6 million for the 12 months ended 31 December 2016 (FY16) which is 22.7% lower than a year ago.
