EMAS Offshore sinks into the red in Q1
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Singapore
OFFSHORE support services provider EMAS Offshore will keep trying to "streamline" operations and expenses amid an ongoing crude oil slump, it said on Monday after sinking into the red for its first quarter.
It blamed "general weakness" in the offshore industry and a seasonal monsoon in Asia for a sharp drop in revenue, adding in a Singapore Exchange filing that its shallow-water platform support vessels segment continues to remain weak.
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