Global Offshore Services Ltd 2023 AR2
The report outlines the financial and operational performance of Global Offshore Services Limited for the fiscal year 2022-2023. During the year, the company successfully restructured its debt with Phoenix ARC Private Limited, resulting in a significant write-back of loan and interest liabilities. Operationally, the company consolidated its fleet by selling three of its six vessels to reduce outstanding debt. Despite a decline in revenue from operations due to idle vessels, the debt settlement contributed to a substantial net profit for the year.
Company: Global Offshore Services Ltd
Sector: Transport & logistics
Country: India
Year: 2023
Type: AR2
Pages: 100
Back to company
Global Offshore Services Ltd
Annual Report
The report outlines the financial and operational performance of Global Offshore Services Limited for the fiscal year 2022-2023. During the year, the company successfully restructured its debt with Phoenix ARC Private Limited, resulting in a significant write-back of loan and interest liabilities. Operationally, the company consolidated its fleet by selling three of its six vessels to reduce outstanding debt. Despite a decline in revenue from operations due to idle vessels, the debt settlement contributed to a substantial net profit for the year.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees