Massy faces US$9.8m loss on Caterpillar business sale

🌐 Trinidad Express (TT) —
Massy faces US$9.8m loss on Caterpillar business sale

AI Summary

Massy Holdings expects to record an accounting loss of about US$9.8 million from selling its Caterpillar-related business in Trinidad and Tobago. More than half of the loss is attributed to employee severance costs.

Massy Holdings Ltd says it expects to record an accounting loss of approximately US$9.8 million from the sale of its Caterpillar-related line of business in Trinidad and Tobago, with employee severance accounting for more than half of the loss.

Markets Deals Massy Holdings Caterpillar business business sale accounting loss severance Trinidad and Tobago

Read original source →