Singapore's EMAS Offshore has revealed a big reduction in its loss during the second quarter.
The restructuring OSV company's delayed result covers the three months to the end of February this year.
The net deficit was $15.97m, compared to $140.46m the year before.
Revenue was up at $37.97m against $30.51m, but operating expenses were $45.28m, versus $45.92m in 2016.
This week the owner gained more time to clinch a vital $50m investment.
