MMA Offshore earnings rise 50% as market recovers

FREMANTLE-based vessel provider MMA Offshore still made a loss in the 2019 financial year, but did note a 50% increase in earnings on the year before, indicating an increase in offshore oil and gas exploration and production.

MMA Offshore earnings rise 50% as market recovers MMA Offshore earnings rise 50% as market recovers MMA Offshore earnings rise 50% as market recovers MMA Offshore earnings rise 50% as market recovers MMA Offshore earnings rise 50% as market recovers
MMA reported a 19.4% increase in overall revenue from $200 million in 2019 to $239.3 million this year, EBITDA increased by 50.3% to $27.8 million over the 12 months to June 30.

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