Courage Marine braces for massive net loss, issues profit warning
It also booked a loss in FY13.
Mainboard-listed Courage Marine has issued a profit warning for its shareholders, claiming that the group is expecting a greater net loss this year as compared to the loss that it booked in FY13.
The company blamed its poor results on low turnover, low freight and low utilisation rate, and the continuing challenging operating environment for cargo shipment.
The group’s FY14 results will be released on February 27.