great offshore (Emkay) Profit sinks

Disastrous 4QFY11 led by lower spot rates & idle construction vessels; Steep increase in interest charges drags GOL into losses; GOL to sell rig 'Amarnath', rig V351 sees further delay in delivery- See sharp downward revision in earnings - earnings & rating under review
Date Rating Target Price Recommendation Price Broker house
17 May 2011 under review (from buy) NA 231 Emkay Report

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