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POSH turns in stronger Q1 performance

It posts net profit of US$4.5m, up from US$21,000 a year ago, on a 2% revenue increase to US$58.7m

Singapore

DESPITE challenging times, offshore marine services provider PACC Offshore Services Holdings (POSH) turned in a stronger performance for the quarter ended March 31, 2016.

It reported a net profit of US$4.5 million for the period, compared with a net profit of just US$21,