Viking Offshore and Marine sank to a loss of $9.37 million in FY15, from earnings of $2.33 million a year earlier.
This was due to an impairment charge that was taken against goodwill on the group’s balance sheet.
Revenue for the 12 months to December increased 7% to $84.54 million, largely contributed by its asset chartering business segment due to the full year impact of the land rig and the deployment of an additional land rig.
The offshore and marine business segment remained unchanged.The group expects this segment to remain challenging with the continued oil price volatility and uncertain climate. It had experienced delays to existing projects and limited new projects, a trend which is expected to continue.
Shares in Viking ended at 4.4 cents on Tuesday.
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This was due to an impairment charge that was taken against goodwill on the group’s balance sheet.
Revenue for the 12 months to December increased 7% to $84.54 million, largely contributed by its asset chartering business segment due to the full year impact of the land rig and the deployment of an additional land rig.
The offshore and marine business segment remained unchanged.The group expects this segment to remain challenging with the continued oil price volatility and uncertain climate. It had experienced delays to existing projects and limited new projects, a trend which is expected to continue.
Shares in Viking ended at 4.4 cents on Tuesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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