Revenue fell by two thirds because of this to MYR10.8m and exacerbated the MYR2.9m loss it had already turned in for the first quarter whil .the Rubicone and the derrick pipe-lay barge, Enterprise 3 (E3) lay idle.
Perisai said in a stock market announcement that the lack of revenue from the unemployed assets was mitigated by share of results of joint ventures and associates such as the Floating Production, Storage and Offloading unit (FPSO) Perisai Kamelia.
For the first half, Perisai turned in losses of MYR2.0m compared to a previous profit of MYR47.7m and revenue dropped 66% to MYR21.7m.Looking ahead, Perisai is putting great faith in its new assets and said its first jack-up, Perisai Pacific 101, had commenced its three-year contract earlier this month and is expected to contribute positively to profits.
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