PACC Offshore Services Holdings Ltd. reported unaudited group earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported revenue of USD 65,985,000 against USD 62,479,000 a year ago. Net loss for the period was USD 79,886,000 against USD 194,810,000 a year ago. Loss per ordinary shares based on weighted average number of ordinary shares issued was 4.41 cents against 10.75 cents a year ago.

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.