Swissco's Q3 net profit surges 78.8% to S$10.4m on OSV charters, acquisition
Singapore
MAINBOARD-LISTED Swissco Holdings (Swissco) on Wednesday announced a 78.8 per cent rise in its third-quarter net profit to S$10.4 million from S$5.8 million in the same period last year, with higher contributions from its offshore support vessel (OSV) chartering business and boosted by its acquisition of Scott and English Energy.
Revenue for the three months ended Sept 30 was S$35.9 million. For the nine months ended Sept 30 (9M), net profit reached S$20.1 million, 43.3 per cent higher than the S$14 million made in the same period last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site