Epic Gas has suffered a fourth quarter loss of $16.3m in a result that pushes full-year losses to $30.4m, figures released Wednesday show.

The result was impacted by a non-cash goodwill impairment of $12.9m as a result of the goodwill’s carrying value exceeding its fair value.

The Singapore-based LPG specialist saw revenue increase by 13% to $37.3m,