UPDATE ON 4Q FY2016 UNAUDITED CONSOLIDATED FINANCIAL INFORMATION AS ANNOUNCED ON 30 OCTOBER 2016
Reference is made to the 4Q FY2016 (as defined below) published by EMAS Offshore Limited ("EOL" or the "Company", together with its subsidiaries, the “Group”) on 30 October 2016. Following further updates to the situation pertaining to Perisai Petroleum Teknologi Berhad (“PPTB”) after the publication of the 4Q FY2016, the Board of Directors of the Company (the "Board") resolved to undertake a comprehensive impairment exercise which impacted the financial results reported in the 4Q FY2016 announcement. The discussion below updates the fourth quarter announcement of the Company’s unaudited