Two offshore marine firms' Q4 earnings hit record
Add BT as a preferred sourceTWO offshore marine players announced record fourth-quarter earnings yesterday.
Offshore support vessels (OSV) provider Nam Cheong reported a 43 per cent increase in net profit to a record 70.5 million ringgit (S$27.1 million), or earnings of 3.35 sen per share for the three months ended Dec 31, 2013, beating consensus forecast.
The results were helped by a one-off RM12.6 million tax writeback on deferred tax liabilities provisioned in FY2007-2012, now no longer necessary. Also helping was a RM4 million surge in "other income".
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As war unsettles the Gulf, wealthy families reassess where to place capital and relocate
MOH addressing rising healthcare costs, but cannot control commercial insurance decisions: Rahayu Mahzam
