ASL Marine, the Singapore offshore shipyard group, has reported a loss for the second quarter of SGD 6.7m ($5.1m).
The company was hit by a combination of lower revenue, down 24% to SGD 63.5m, and higher finance costs which rose 19% to SGD 5.6m.
The increase in finance costs was attributed to interest incurred from progressive drawdown of loans under its committed SGD 99.9m
