SBI Offshore Limited Provides Preliminary Group Earnings Guidance for the Half Year Ended June 30, 2017
August 01, 2017 at 03:38 pm
SBI Offshore Limited provided preliminary group earnings guidance for the half year ended June 30, 2017. For the period, the group expects to report a loss, primarily due to substantially lower revenue amid challenging economic conditions. Following cost control initiatives which have substantially lowered administrative and other operating expenses, the group expects the loss to be lower than that recorded a year ago.