Impairments send Topaz Energy into big deficit
Dubai-based Topaz, which has the Caspian Sea as its key market, suffered a USD 64.4 million deficit after a major fleet impairment and costs related to debt refinancing.
BY OLE ANDERSEN
A fleet impairment and costs related to debt refinancing pulled Dubai-based supply carrier Topaz Energy and Marine into the red with a deficit of USD 64.4 million on the bottom line for the full year 2015, according to the company's annual report, published Tuesday.
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