Financial Results

The collapse in the offshore vessel market has led to MMA Offshore reporting financial losses over the past three financial years.

However, a majority of those losses were due to non-cash write-downs such as depreciation and asset impairment charges.

In FY2016 MMA Offshore recorded an operating cashflow surplus of $120 million which was followed by an operating cashflow deficit of $6 million in FY2017, in the context of a very challenging trading environment.

Cash Flow

Source: Pareto Securities Report, “Analysis of certain assertions made by Halom”, 27 October 2017