Modec loses on forex

Japanese floating production giant Modec has incurred a ¥1.3 billion (US$16.8 million) foreign exchange loss in the third quarter of 2011.

Loss: Modec posted lower net income during the quarter as forex losses offset higher sales revenue

Russell Searancke

Published 15 November 2011, 02:49Updated 11 October 2016, 08:13