Finance

Modec braced for $260m loss

Brazil floater woes mean directors have pay cut for a year, and shareholders will not see annual dividend

On duty: the Modec-owned Cidade de Niteroi FPSO is operating in Brazil
On duty: the Modec-owned Cidade de Niteroi FPSO is operating in BrazilPhoto: MODEC
London
Published 21 January 2022, 13:35Updated 26 January 2022, 14:30
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