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Falcon Energy Q1 net dips despite revenue surge

Gross profit margin falls; share of associates' earnings drops

Published Tue, Aug 12, 2014 · 10:00 PM

OFFSHORE marine service provider Falcon Energy Group's earnings fell 2.4 per cent for the first quarter ended June 30 in spite of a more than threefold increase in revenue, as cost of sales grew by a larger proportion and its share of profits from associates dropped.

The mainboard-listed group recorded net profit attributable to shareholders of US$8.1 million, dow…

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