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Triyards Q3 profit falls 24% to US$4.1m

But CEO says first nine months' results indicate success of company's diversification strategy

Published Fri, Jul 8, 2016 · 09:50 PM

Singapore

TRIYARDS Holdings, Ezra Holdings' yard-operating subsidiary, has reported a 28 per cent increase in third-quarter revenue, but its net profit slumped 24 per cent to US$4.1 million for the three months ended May 31.

Its revenue for the third quarter expanded to US$82.1 million.

This was mainly due to the contribution from self-elevating units, multipurpose support vessels and chemical tankers, as well as the contribution from Strategic Marine Group for the construction of aluminium crew boats and win…

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