Corporate digest

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 milli…