ASL warns on Q4 loss

Singapore: ASL Marine Holdings has issued a profit warning for its fourth quarter results which ended on June 30. ASL cited lower ship repair and conversion revenues, as well as an owner cancelling an OSV under construction at one of its yards, for the likely loss. The company is in discussion with potential buyers and with charterers for the unsold OSV. Despite the quarterly loss, ASL anticipates it will remain profitable for the full year. It will announce its unaudited results on 28 August. [11/08/14]

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