EMAS OFFSHORE REPORTS NET LOSS FOR Q1 FY2017
· Challenging market conditions continue to weigh on financial results · Daily charter rates expected to remain depressed throughout FY2017EMAS Offshore Limited (“EMAS Offshore” or the “Group”), announced today a net loss of US$2.2 million for the quarter ended 30 November 2016 (“Q1 FY2017”), on the back of lower revenues. For Q1FY2017, the Group recorded revenue of US$42.5 million, as compared to revenue of US$49.8 million in corresponding period last year. This decline in revenue was the result of continual weakness in the offshore oil and gas industry leading to lower demand for