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