Company Briefs

Kreuz's Q3 net jumps 60% to US$16.6m

KREUZ Holdings yesterday posted a 60.3 per cent year-on-year surge in third-quarter net profit to US$16.6 million. The integrated subsea service provider for the oil and gas industry reported a 69 per cent increase in revenue to US$76.9 million. The net profit translated to earnings per share of 2.98 US cents, up from 1.86 US cents a year earlier.

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