Vallianz posts more than 400% jump in Q2 earnings to S$5.2m

Singapore

HIGHER operating profits helped send earnings soaring by more than 400 per cent at Vallianz Holdings in the second quarter.

The offshore support vessel owner and operator yesterday reported a net profit of US$5.3 million (S$7.2 million) for the three months ended Sept 30 - well up on the US$924,000 from the same period a year earlier.