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Pacific Radiance narrows loss, starts restructuring

Loss for Q2 is 86% lower year on year at US$8.05m; revenue declines 13% to US$17.51m

Published Mon, Aug 14, 2017 · 09:50 PM

Singapore

SINGAPORE-LISTED offshore and marine group Pacific Radiance narrowed its second-quarter loss on the absence of one-time impairment charges, but its bottom line continued to take a beating from weaker performance of its offshore support services business.

Net loss for the three months ended June 30, 2017, was 86 per cent lower year on year at US$8.05 million.