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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