Paint maker Akzo Nobel Q4 weighed down by marine, energy markets

Core profit for Dutch paints maker Akzo Nobel NV fell short of estimates in the last three months of 2016 as the marine and energy sectors weighed, while restructuring costs also put pressure on results.

Westports Q4 earnings above expectations, says CIMB Research

Westports delivered 4Q16 core net profit that was 13% above CIMB Equities Research’s expectations, beating its forecast by 3%, as Q4 container volumes outperformed by 3%.

Nam Cheong sees full year profit slashed on Q4 loss

Malaysia’s OSV builder Nam Cheong has seen its earnings slashed in the financial year 2015 compared to 2014 due mainly to a loss recorded in the fourth quarter, as the slump in the offshore industry intensified. ....

Swissco swings to loss in Q4 but achieves full year profit

Singapore’s Swissco Holdings has achieved a full year net profit despite a swing to a loss in the fourth quarter, due mainly to impairment charges made for its rigs and offshore vessels amid the sector’s downturn. ...

Nam Cheong warns of loss in Q4

Malaysia’s Nam Cheong has warned investors of a loss for its fourth quarter ended 31 December 2015, but the company is expected to stay profitable for the full year 2015. ...

POSH foresees loss for Q4 and full year 2015

PACC Offshore Services Holdings (POSH) has warned of a net loss for its fourth quarter and full year financial results ending 31 December 2015, due to the depressed offshore market. ...

Rickmers Maritime warns of Q4 and full year loss

Singapore-listed shipping trust Rickmers Maritime is warning of a Q4 and full year loss as impairments on the value of its fleet. ...