A weak fourth quarter has dragged Seacor Holdings to a wider full year loss as the company’s prophecies proved to be “sadly correct”.
The New York-listed company reported a quarterly net loss of $93.7m and a full year loss of $215.9m.
These figures compared to deficits of $39.8m and $68.8m in the corresponding periods of last year respectively.
Seacor recognized an impairment charge of $97m in the fourth quarter and it also took a hit from its investment in Dorian LPG because the latter’s share price has declined from $11.77
