Offshore accommodation provider Floatel International has registered a third-quarter net loss as the market remains oversupplied and exposed to macroeconomic challenges.
On Thursday, Floatel International posted a $1.9 million third-quarter adjusted net loss compared to a profitable quarter in the same quarter of last year when the company registered a net profit of $10.6 million.
Its third-quarter revenue totalled $43 million, down from $57.8
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