Vallianz falls into the red with US$128m net loss
Company blames massive exceptional items of US$133.3m, mainly from impairments of associated company, and plant, property and equipment totalling US$120.9m
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CATALIST-LISTED offshore support vessel (OSV) provider Vallianz Holdings fell deep into the red for the fiscal year ended March 31, with a net loss of US$128.2 million against a profit of US$16.7 million in 2018.
This was due to exceptional items of US$133.3 million, mainly from impairments of an associated company, and plant, property and equipment totalling US$120.9 million.
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