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Magnus Energy's Q4 loss widens to S$16.2m

Vivienne Tay
Published Fri, Aug 30, 2019 · 09:50 PM

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Singapore

CATALIST-LISTED Magnus Energy's fourth quarter net loss widened to S$16.2 million from S$13.5 million in the same period last year.

The loss was due to the winding down of its oil and gas equipment distribution segment in South-east Asia and Australia, which was partially offset by one-off gains.

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