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Gaylin Q4 loss widens to S$44m on hefty provisions, but is now net cash positive

Singapore

KEEN to make a fresh start, oil and gas contractor Gaylin Holdings took a S$35.5 million provision on old inventory that sent its fourth-quarter net loss to a wider S$44.4 million, or 6.13 Singapore cents per share, from a year-ago deficit of S$6.3 million.

But the...