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2 marine services groups post higher profit
Published Fri, May 9, 2014 · 10:00 PM
Singapore
MARINE services provider Swissco Holdings has posted a more than doubling in first-quarter net profit to $3.75 million from $1.81 million a year earlier.
Revenue for the three months ended March 31, 2014 rose 22.4 per cent to $13.7 million from $11.2 million, on the back of higher vessel chartering revenue. Earnings per share were 0.86 cent, up from 0.417 cent.
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