Swissco's Q3 net profit surges 78.8% to S$10.4m on OSV charters, acquisition
Singapore
MAINBOARD-LISTED Swissco Holdings (Swissco) on Wednesday announced a 78.8 per cent rise in its third-quarter net profit to S$10.4 million from S$5.8 million in the same period last year, with higher contributions from its offshore support vessel (OSV) chartering business and boosted by its acquisition of Scott and English Energy.
Revenue for the three months ended Sept 30 was S$35.9 million. For the nine months ended Sept 30 (9M), net profit reached S$20.1 million, 43.3 per cent higher than the S$14 million made in the same period last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes