Chiyoda of Japan posts $355M third-quarter loss because of subsea woes and LNG slowdown
Thursday, 09 February 2017
Chiyoda Corp. of Japan, one of the world’s leading LNG engineering and construction companies, posted a 39.85 billion yen net loss ($355M) in the fiscal third-quarter because of woes in the subsea market and the “prolonged tumble in oil prices” delaying projects.
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