Global Offshore Services Reports Widened Net Loss in Q1, Acquires New Vessel
Global Offshore Services Limited (GOSL) reported a net loss of Rs 476.29 lakhs for Q1, up from Rs 193.70 lakhs in the same quarter last year. Revenue declined by 49% to Rs 425.38 lakhs. The company acquired a new Anchor Handling Tug Supply Vessel and converted 70,000 warrants into equity shares. GOSL continues to face legal challenges regarding expired corporate guarantees worth USD 13.5 million, which it is contesting.