Triyards Q4 net profit down 73% to US$2.2m

Singapore

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.