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Charisma Energy issues profit guidance for Q4, full-year earnings

CHARISMA Energy Holdings expects to record a net loss for the fourth quarter as well as full year as a result of asset impairments.

This comes as " the operating environment in the marine and offshore oil and gas industry remains very challenging", the company said in an exchange filing on Wednesday night.

The group has made a major switch to focus on its renewable energy business, it added.

Charisma's results are due to be released on or after Feb 23.

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