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MARINE & SUBSEA

Neptune loss deepens

NEPTUNE Marine Services’ losses have deepened over the past 12 months, with the company recording a net after tax loss of $8.23 million for the year to March 31, worse than the prior year.

Haydn Black
Robin King.

Robin King.

The company blamed the prevailing market, which hit its nadir with a sub-$US30 per barrel oil price in January 2016, and the subsequent contraction in new contracts being offered by oil and gas companies...

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