SUBSCRIBERS
Pacific Radiance posts Q1 profit of US$17.8m
Published Wed, May 14, 2014 · 10:00 PM
OFFSHORE and marine services provider Pacific Radiance (Pacific) posted a first-quarter net profit of US$17.8 million, more than double the US$8.5 million a year earlier.
The results were helped by higher revenue, better gross margins and gains from the sale of vessels.
Revenue for the three months ended March 31 rose 33 per cent year-on-year to US$42 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Sheng Siong Q1 net profit up 9.3% on higher revenue
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
S&P Global first-quarter profit beats estimates on strong product demand
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources