Global Offshore Services of Mumbai has seen its loss increase in the second quarter as revenue collapsed.

The offshore shipowner said the net deficit to 30 September was INR 344m ($5.16m), against INR 98.6m in the same period of 2015.

Revenue crashed back to INR 396m from INR 935m, while costs were cut to INR 586m versus INR 881m the year before.

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