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    Impairments and market conditions see ASL Marine anticipate a loss

    Company News // August 15, 2017

    The Board of Directors of ASL Marine Holdings has announced profit guidance for unaudited consolidated financial statements for the fourth quarter (4QFY2017) and full year ended 30 June 2017 (FY2017) based on the preliminary review of the group’s unaudited financial results.

    It says an expected net loss for 4QFY2017 is primarily due to weaker contribution from operations and impairment losses on receivables, inventories and chartering in view of the protracted downturn and uncertainty of recovery in the global marine industry.

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