PACC Offshore Services Holdings Ltd. Reports Unaudited Group Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Impairment of Fixed Assets for the Fourth Quarter of 2018
For the full year, the company reported revenue of USD 299,400,000 against USD 192,208,000 a year ago. Net loss for the period was USD 98,309,000 against USD 230,281,000 a year ago. Loss per ordinary shares based on weighted average number of ordinary shares issued was 5.42 cents against 12.70 cents a year ago.
For the fourth quarter, the company reported impairment of fixed assets of USD 49,493,000 against USD 108,255,000 a year ago.