Corporate digest

Pacific Radiance

PACIFIC Radiance narrowed its Q4 net loss to US$76 million from a net loss of US$296.5 million a year ago, thanks to lower costs and reduced losses from its joint ventures, the offshore marine group announced on Friday. For the full year ended Dec 31, 2018, net loss shrank from US$332.6 million in FY2017 to S$99.4 million in FY2018. This translated to a loss per share of 13.9 US cents, from a loss per share of 46.6 US cents previously. The company will not pay any dividends.

Oceanus Group