The Singapore-quoted shipbuilder and offshore operator issued a profit warning two weeks ago, which is why few were surprised to see $3.4m worth of red ink.
ASL blamed the result, which was described as “regrettable”, on the recent cancellation of an offshore support vessel and the delayed deliveries of two others.
In a note to investors management insisted the deficit was “an anomilie” and assured shareholders that the tides will turn in the months ahead.
“While
