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Sale-and-leaseback gain boosts EMAS bottom line

Thanks to vessel transaction, Q4 earnings jump to US$36.3m despite revenue fall


DESPITE lower revenue and a gross loss, EMAS Offshore Ltd emerged from a volatile fiscal fourth quarter with a more than doubling in net profit thanks to the disposal of vessels on sale-and-leaseback transactions.

EMAS posted a Q4 net profit of US$36.3 million, up from US

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