Huge impairments have pushed Singapore’s Marco Polo Marine (MPM) to report a second quarter loss of SGD 304.3m ($223m).
Revenue for the three months came in at just over SGD 9m, only slightly down from the SGD 9.1m achieved a year earlier.
“With the prolonged slump in the oil and gas sector, being conservative the group decided o make impairment adjustments of SGD 196.5m
