SUBSCRIBERS
Mermaid's earnings dive 67.4% on higher costs
Published Mon, Mar 2, 2015 · 09:50 PM
Singapore
HIGHER business costs dragged down earnings for offshore service provider Mermaid Maritime in the October to December period, which sent its shares tumbling yesterday.
The stock fell 10 per cent or 2.5 cents to 22.5 cents, a day after the company posted a 67.4 per cent plunge in net profit to US$4.3 million for the three months to Dec 31.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
CapitaLand Investment posts total revenue of S$650 million for Q1
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback