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POSH Q4 loss more than doubles on impairments, revenue fall

Mr Seow says POSH's ability to continue generating positive operating cash flow reflects its underlying operational resilience.


PACC Offshore Services Holdings (POSH) suffered a massive fourth-quarter net loss of US$345.44 million, more than double the US$149.67 million a year ago, as revenue fell sharply and the group took huge impairments to goodwill and vessels.

Impairment of goodwill was high...

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