Brief: Mermaid Maritime PCL issues profit guidance

Mermaid Maritime PCL

15/02/2016 10:16

Feb 15 (Reuters) - Mermaid Maritime PCL  MMPC.SI : 
 * Public co ltd (profit guidance)  
 * For FY 2015, the group is expected to take a substantial impairment and consequently net loss 
 * Group is expected to deliver positive EBITDA and operating cash flow in FY 2015 
 * Says group also remained low in debt at the end of FY 2015 
 * Continues to take proactive measures on cost reduction and efficiency in order to reinforce group through and beyond current downturn 
 * Expected result due to non-cash provisions for impairment on value of assets, investments in units, share of loss in an associate investment 
 
 * Source text for Eikon  ID:nSNZr3wlQ  
 
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