Triyards issues Q3 loss warning

Singapore

TRIYARDS Holdings on Friday issued a profit warning for the third quarter ended May 31, 2017, citing the continuing depressed state of the oil and gas (O&G) industry and downturn of the marine and offshore market.

The listed yard group said its board of directors is of the view that Q3 will reflect a net loss as compared to the earnings recorded in the corresponding period of the previous financial year.