Triyards Q3 net falls 17% to US$6.3 million

OFFSHORE vessel fabrication and engineering solutions provider Triyards Holdings has posted a third-quarter net profit of US$6.3 million, down 17 per cent from US$7.5 million a year ago.

Revenue for the three months ended May 31, 2014 was US$55.3 million, a fall of 16 per cent from US$65.7 million.

Triyards' net profit for the first nine months was largely flat, inching up one per cent year-on-year to US$21.4 million from US$21.1 million.