You are here

Pacific Radiance posts Q1 profit of US$17.8m

OFFSHORE and marine services provider Pacific Radiance (Pacific) posted a first-quarter net profit of US$17.8 million, more than double the US$8.5 million a year earlier.

The results were helped by higher revenue, better gross margins and gains from the sale of vessels.

Revenue for...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes