Wednesday, 11 September 2019

UPDATE 1-Gulf Marine Services delays results as talks with lender continue - Reuters

UPDATE 1-Gulf Marine Services delays results as talks with lender continue - Reuters:

Shares in Gulf Marine Services were expected to fall about 10% in early trading on Wednesday after the oilfield industry contractor said the publication of its first-half results would be delayed.

Gulf Marine, which was expected to report results on Wednesday, said the delay in finalising its accounts was because of the ongoing talks with a lender about continued access to one of its working capital facilities, which provides short-term liquidity.

The company now expects to publish results before Sept.30.

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