Swiber flags deferment of US$710m contract
Client, believed to be RoyalGate Energy, proceeding with development project off West Africa but expects delay
Singapore
SINGAPORE-listed offshore and marine (O&M) contracting group Swiber Holdings acknowledged, before stock trading began on Friday, that the delivery of a US$710 million contract for an offshore development project off West Africa has been deferred.
The client is proceeding with the project but expects it to be delayed, Swiber said in a Singapore Exchange (SGX) announcemen…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UPS profit beats estimates as cost cuts offset weak delivery demand
PepsiCo beats quarterly revenue estimates on price hikes, steady demand
General Motors beats quarterly results targets, raises forecast
Soilbuild bags contracts worth S$81 million
Spotify’s monthly user numbers miss estimates on lower promotions
China bubble-tea chain Chabaidao plunges on Hong Kong debut