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Cape’s Arzew losses ‘significant’

UK-based services company Cape expects losses from a Sonatrach project in the Algerian centre of Arzew to be “significant”, today adopting a one-off charge of £14 million for the 2012 calendar year.

Loss: Cape says the one off charge will dent its full year profits, but revenue will remain unchanged.
Loss: Cape says the one off charge will dent its full year profits, but revenue will remain unchanged.
Published 25 May 2012, 07:40Updated 10 October 2016, 13:46
Middle EastNorth Africa