SGX-quoted NOL booked a loss of$98.1m in the last three months of 2012 taking its deficit for the full-year to$419.4m
Jon Windham an analyst atBarclays Capital said: “For the four years ending December2012 NOL has produced a cumulative net loss of $1.2bn.”
NOL’s fourth quarter redink means it has recorded only one profitable quarter during the past twoyears.
Lim Siyi of OCBC says the bank has re-evaluated howlong it will take NOL to return to profit, with the ongoing quarter now expectedto remain loss-making.
