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Triyards sinks into losses for 3Q and 9M

PC Lee
PC Lee7/21/2017 7:14 AM GMT+08  • 2 min read
Triyards sinks into losses for 3Q and 9M
SINGAPORE (July 21): Shipbuilder and repairer Triyards Holdings sunk into losses of US$63.3 million for 3Q17 ended May compared to a profit of US$4.1 million a year ago.
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SINGAPORE (July 21): Shipbuilder and repairer Triyards Holdings sunk into losses of US$63.3 million for 3Q17 ended May compared to a profit of US$4.1 million a year ago.

For the 9M17 ended May, losses came in at US$67.5 million, compared to a profit of US$15.6 million a year ago.

Triyards says the losses were due to a US$45.1 million for the impairment of certain assets in 3Q17, lower revenue contribution and cost overruns from certain projects.

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