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Impairments pound POSH

31327990.6 (37513615) - 19_02_2016 - glipo18.jpg


PACC Offshore Services Holdings (POSH) found itself in the red to the tune of US$149.7 million for the fourth quarter as big impairments amid the onslaught in the offshore marine sector took a heavy toll on its bottom line.

The goodwill impairment of US$127 million and...

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