CH Offshore has kicked off the financial year 2016/2017 with a breakeven result amid historic lows for offshore activity.
The Singapore-listed owner saw its $1.23m profit in the corresponding quarter of last year evaporate in the three months to the end of September.
Its revenue was also down by 7.4% to $5.1m while the operating profit of the company was $0.43m, against $1.2m.
CH
