AUSTRALIA

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

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. Yet despite the...

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