AUSTRALIA

Iranian withdrawal causes drop in profit

MICLYN Express Offshore has felt the effects of a withdrawal from Iranian operations, posting a 10% decrease in half-year profits to $US25.2 ($A24.5) million.

Bianca Bartucciotto

Iranian withdrawal causes drop in profit

The company said had it not been for a one-off $4.6 million cost from its Iranian operations, its profit would have been $29.8 million for the six months to December 31. Other factors impacting on its...

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