Transcoastal Marine Third Quarter Results Reported

Friday, November 19, 1999
TransCoastal Marine Services, Inc. reported revenues of $25.7 million for the quarter ended September 30, 1999 compared to revenues of $44.9 million for the same quarter in 1998. The company also reported a net loss for the same quarter of $5.5 million or $.49 a share. This compares to net income of $964,000 or $.10 per share for the third quarter of 1998. Third quarter 1999 results include a special pretax charge of about $1.7 million related to severance costs for management reductions and expenses related to facilities reductions in the company's Fabrication & Offshore Group. These results were also impacted by margin pressure due to highly competitive pricing.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

GDI Awards N-KOM US$110-M Contracts

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts

Hyde Marine Makes BWTS Installation Agreements

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free

MAN Extends High Speed Power Range

MAN announced it will present a newly developed 12-cylinder V-engine for use in working vessels at the SMM 2014 trade fair in Hamburg, Germany. The German engine

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0698 sec (14 req/sec)