Singapore-based independent KrisEnergy is still in financial difficulties, despite posting record revenues last year and positive cash flow from operating activities of US$35.3 million.
“We remained burdened with high non-cash charges from writeoffs related to the continuing rationalisation of the portfolio, impairments due to asset performance and ongoing finance costs pursuant to the 2016/2017 restructuring,” said non-executive chairman Tan Ek Kia.
