Prosafe dives deeper into the red over impairment charges

Prosafe, a provider of offshore accommodation rigs, sank deeper into the red in the first quarter of 2020 due to impairment charges resulting from the oil price collapse and the coronavirus pandemic.

According to its report on Tuesday, Prosafe’s operating revenues in 1Q 2020 were $25 million compared to $67.3 million in the same period last year.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.