Due to weak market conditions.
Mainboard-listed offshore marine services firm Pacific Radiance today reported that its net profit plunged 69% to $6.8m (US$5.05m) due to weak market conditions.
For the full year, Pacific Radiance reported a 20% rise in net attributable profit to $92.4m ( US$68.3m), supported by charters from its newly delivered offshore support vessels.
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