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AUSTRALIA

Slump sinks MMA

MMA Offshore has posted another loss, this time $144 million, thanks to impairments on its assets as demand for its vessel, supply bases and slipways continue to be depressed, and it can't predict when the situation will improve.

Haydn Black
Slump sinks MMA

Excluding the non-cash impairment charge of $139 million, MMA recorded a net loss after tax for the year of $20.2 million, significantly down on the previous financial year. The biggest hits were a $100...

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