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.

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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.

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