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POSH turns in stronger Q1 performance

It posts net profit of US$4.5m, up from US$21,000 a year ago, on a 2% revenue increase to US$58.7m

Michelle Quah

Michelle Quah

Published Wed, May 4, 2016 · 09:50 PM
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Singapore

DESPITE challenging times, offshore marine services provider PACC Offshore Services Holdings (POSH) turned in a stronger performance for the quarter ended March 31, 2016.

It reported a net profit of US$4.5 million for the period, compared with a net profit of just US$21,000 the year before.

This came on the back of a 2 per cent growth in revenue to US$58.7 million this year, from US$57.6 million last year…

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