Brief: Pacific Radiance updates on business
10/08/2016 11:00
Aug 10 (Reuters) - Pacific Radiance Ltd PACI.SI : * Provision is expected to negatively impact earnings per share of the company for the financial year ending 31 December 2016, * Company will continue to pursue all legal avenues of recovery of the doubtful receivables * It is a non-cash accounting provision which is not expected to significantly affect the company's cash flow position" * Says to pursue all legal avenues of recovery of the doubtful receivables * Clarify that it operates on a different business model and in a different business segment from Swiber * Says group wishes to clarify that it operates on a different business model and in a different business segment from Swiber * Refers to the announcements released on 29 July 2016 and 1 August 2016 * Source text for Eikon ID:nSNZb5hw8H * ((Further company coverage: PACI.SI )) ((Bangalore.newsroom@thomsonreuters.com))
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