Alam Maritim’s net loss widens to RM115m in FY20 | Malay Mail

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KUALA LUMPUR, March 31 — Alam Maritim Resources Bhd’s net loss widened to RM115.25 million in the financial year ended December 31, 2020, from a net loss of RM79.48 million the year before. The company, which provides offshore services to the oil and gas industry, said its revenue also declined...

KUALA LUMPUR, March 31 — Alam Maritim Resources Bhd’s net loss widened to RM115.25 million in the financial year ended December 31, 2020, from a net loss of RM79.48 million the year before.

In a filing with Bursa Malaysia today, it attributed the weaker results to fewer charter contracts for offshore support vessels as well as less contribution from the subsea services/ offshore installation and construction segment.

 

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