NEWS ARCHIVE

Neptune posts loss

NEPTUNE Marine has felt the sting of falling energy prices, posting a net after tax loss of $7.092 million, with most of that red ink inflicted by the writedown of the value of its remotely operated vehicle business by half.

Haydn Black

The ROV segment was written down by $6.62 million after tax for the year ending March 31. Operating results were down compared to the previous year due to the challenging market conditions, with revenue...

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