Courage Marine Group Limited (HKG:1145) announced that the company expects to record a greater net loss attributable to equity holders of the company for the six months ended 30 June 2012 as compared to the three months ended 31 March 2012.
The board believed that the expected loss was mainly attributable to the cumulative losses on disposal of vessels arising from the disposal of 4 of the group's older vessels as earlier announced by the company and the continuing challenging operating environment for cargo shipment, necessitating provisions for impairment losses of the group's remaining vessels.
The company's result is expected to be released by 14 August 2012.
