Swissco Q4 profit doubles
Singapore
MARINE company Swissco more than doubled its net profit to $12.9 million for its fourth quarter ended Dec 31, 2013, from $6.4 million a year ago. Revenue surged 86.6 per cent to $79.3 million due mainly to the completion and delivery of vessels under its maritime services segment. Q4 earnings per share were 2.97 cents, up from 1.47.
The results lifted full-year net profit by 41.5 per cent to $23.2 million. FY2013 revenue edged up 4.3 per cent to $114.7 million. Gross profit dipped to 27.3 per cent from 28 per cent due to higher crew and maintenance costs.
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