Brief: Marco Polo Marine Q4 net loss S$9.4 mln vs loss S$3 mln

Marco Polo Marine

29/11/2016 10:58

Nov 29 (Reuters) - Marco Polo Marine Ltd  MAPM.SI  
    * Due to increased borrowings, finance costs of group 
increased by s$0.4 million or 29% to s$1.7 million in q4fy2016 
from last year 
    * Q4 net loss s$9.4 million versus loss s$3 million 
    * Qtrly revenue s$8.9 million versus s$15.2 million 
    * No dividend has been declared/recommended for q4fy2016 
    * Expects market conditions for oil and gas industry and 
hence offshore industry to remain tough and challenging for next 
12 months 
 
Source text for Eikon:  ID:nSNZbydVgz  
Further company coverage:  MAPM.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com;))