Triyards Q2 profit up 4%; secures US$17.8m in new orders

Singapore

NET profit for Triyards Holdings, Ezra Holdings' yard-operating subsidiary, grew 4 per cent to US$5.3 million in the second quarter, lifted by contributions from various vessels and industrial and offshore fabrication projects.

Its revenue for the three months ended Feb 29, 2016, expanded 15 per cent to US$70.5 million. This was mainly due to contributions from four liftboats, two multi-purpose support vessels and three chemical tankers, as well as contribution from Strategic Marine Group for the construction of aluminium crew boats and wind-farm vessels, said Triyards. Some industrial and offshore fabrication projects added to the revenue as well.