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Pacific Radiance Q3 earnings plunge 87%

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Published Thu, Nov 12, 2015 · 09:50 PM

Singapore

PACFIC Radiance posted an 87 per cent plunge in third-quarter net profit to US$1.7 million on lower revenue and reduced gain from vessel sales.

Revenue dropped 24 per cent to US$33.8 million on lower contributions from its subsea and offshore support services business units.

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