Pac Radiance Q3 buoyed by higher vessel gain
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OFFSHORE marine services firm Pacific Radiance's bottom line received a 24 per cent boost, as the firm posted a US$13.07 million net profit for the third quarter ended Sept 30 due to increased gains from sale of vessels.
This was despite a 9 per cent fall in revenue to US$44.36 million on the back of lower contributions from its subsea business.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
