Singapore OSV player PACC Offshore Services Holdings (POSH) has slashed losses in the first quarter as revenue more than doubled.
The company said the net deficit to 31 March was $7.19m, down from $18.56m a year ago.
Revenue was up at $70.56m against $34.58m, while the offshore accommodation (OA) division rebounded into profit of $9.32m, versus a loss of $2.66m
