(EnergyAsia, March 21) — Engineering firm Foster Wheeler Ltd said it suffered a net loss of US$95.4 million for the fourth quarter of 2004. This included after-tax charges of a net US$74.8 million relating to a previously announced adverse court decision in asbestos insurance coverage allocation litigation involving some of the company’s subsidiaries, $18.4 million…
COMPANY: Foster Wheeler reports US$285.3 million loss for 2004
Posted on March 21, 2005 by EnergyAsia