MMA Offshore has reported a dramatic improvement in its full-year figures, but still ended the financial year in the red.
The Australian offshore vessel operator lost AUD 27.9m ($20.44m) against the loss of AUD 354.3m seen a year ago due to impairments of AUD 287.5m.
However, the company reported a near 10% year-on-year decline in revenue to AUD 200.4m.
