Tanjung Offshore suffers RM10m Q3 loss
Tanjung Offshore Bhd, a Malaysian oil and gas services provider, made a net loss of RM10.3 million in its fiscal third-quarter after recording a RM5.1 million profit during the same period a year earlier. Late delivery charges payments and escalating costs contributed to the loss, the company said in a statement to the Kuala Lumpur stock exchange. Revenue fell 21 per cent to RM154.9 million from RM196.9 million, it said. -- Bloomberg
