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POSH Q4 loss more than doubles on impairments, revenue fall

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Mr Seow says POSH's ability to continue generating positive operating cash flow reflects its underlying operational resilience.

Singapore

PACC Offshore Services Holdings (POSH) suffered a massive fourth-quarter net loss of US$345.44 million, more than double the US$149.67 million a year ago, as revenue fell sharply and the group took huge impairments to goodwill and vessels.

Impairment of goodwill was high

sentifi.com

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