MMA profit plummets

MMA Offshore has stopped paying dividends to retain cash after its profit before tax plummeted 87.3% in the 2015 December quarter from the prior year, the company announced this morning.

MMA profit plummets MMA profit plummets MMA profit plummets MMA profit plummets MMA profit plummets

The company posted a $7 million profit for the December quarter, way down from $55.3 million in Q4 2014; while revenue was off 32.2% over the same period at $309.3 million for Q4 2015.

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