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MMA Offshore operates a fleet of vessels that provide services to the oil and gas industry.

Oil downturn continues to buffet MMA

MMA Offshore has posted a $378 million loss for the 2017 financial year on the back of a huge impairment and the halving of revenue from its oil and gas-focused vessel operations.

The loss was driven in large part by a $312 million impairment, the lion’s share of which was taken against vessel values.

That is a substantial amount for a company that reported assets of $633 million at the end of the financial year, and the impairment follows a $120 million write-down in 2015.

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MMA Offshore (MRM)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
49thEmeco Holdings248%-19%
131stSchaffer Corporation76%25%
142ndLycopodium69%-3%
226thCedar Woods Properties34%12%
647thMMA Offshore-38%-41%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/06/17
$16k Bought
11/11/15
$48k Bought
11/11/15
$304k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

25th↑Cedar Woods Properties$222.4m
26th-Emeco Holdings$221.8m
27th↓MMA Offshore$221.8m
28th↑Schaffer Corporation$215.0m
29th↑Lycopodium$215.0m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from MMA Offshore

70thJeff Weber$1,000k
179thPeter Raynor$606k
181stDavid Ross$605k
Ranked by total remuneration from all listed WA companies

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