Corporate digest
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Swiber Holdings
OFFSHORE services provider Swiber Holdings sank into the red for its fiscal year 2015 after booking a sizeable impairment loss on an investment in an associate and a drop in other operating income.
It made a loss of US$27.38 million for the 12 months to Dec 31, down from a profit of US$16.42 million in the year-ago period. This was even though revenue increased by 14.7 per cent to US$833 million in FY2015 from the preceding year. It did not report fourth-quarter earnings figures.
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