AusGroup

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AusGroup swings into full-year loss of A$193 mil

SINGAPORE (Aug 29): AusGroup, the provider of integrated service solutions to the energy, industrial and mining sectors across Australia and South East Asia, posted a loss of A$193.2 million ($198.8 million) for FY16. This compares to a profit of A$6.2 mi

Broker's Calls

No respite for besieged O&M sector

SINGAPORE (Aug 25): Daiwa has maintained its “negative” outlook for the Singapore Offshore & Marine sector, as it turns more bearish than the general consensus on earnings recovery prospects of the Singapore O&M counters.

Ausgroup wins contract for Shell-operated Prelude FLNG project

SINGAPORE (July 12): Ausgroup says subsidiary MAS Australasia has won a contract from Technip Oceania for the Shell-operated Prelude floating liquefied natural gas (FLNG) project.
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Ausgroup extends slide by 3.4% after reporting breach of debt covenant

SINGAPORE (May 19): AusGroup shares are down by 3.4% on Thursday, extending the slide after announcing on Tuesday night it had breached a debt covenant with its noteholders. As at 3.41pm, shares of AusGroup are trading at 8.4 cents with 2.8 million shares

CIMB says oil services firms may stay in the doldrums

SINGAPORE (June 5): Oil services companies don't think better days are round the corner although global crude oil prices have firmed up recently, CIMB says in a note.
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