Triyards Q4 net profit down 73% to US$2.2m
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TRIYARDS Holdings on Friday reported a 73 per cent fall in net profit to US$2.23 million for the three months ended Aug 31 (Q4 FY2016), due to lower gross profit margins resulting from a different mix of projects.
Revenue grew 7 per cent year- on-year to US$94.2 million. This was led by contributions across all product and geographical segments. Triyards provides integrated full-service engineering, fabrication and ship construction solutions to global offshore and marine industries.
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