Viking Offshore & Marine sinks to losses of $2.3 mil in 3Q

SINGAPORE (Nov 7): Viking Offshore & Marine posted a loss of $2.3 million in 3Q16, compared to earnings of $0.2 million in the same quarter last year.

Revenue fell 60% to $7.7 million in the quarter ended Sept, from $19.4 million in 3Q15.

In a filing to SGX on Monday, the Group said this was mainly due to lower order book carried forward, deferral of projects, and lower new order intake.

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