Swiber reports surge in profit

News - August 15, 2012

| More

Swiber Holdings Limited has reported a 66.0 per cent surge in net profit to US$20.9 million for the three months ended June 30, 2012.

This was achieved on the back of a 27.1 per cent increase in revenue to US$229.6 million over the same period.

Francis Wong, Group Chief Executive Officer and President of Swiber, said: “We are heartened to see that our orderbook remains robust at approximately US$1.6 billion, including approximately US$1.0 billion from new contract wins this year.

"These were secured from oil majors for projects to be performed in Mexico, the Middle East, Southeast Asia and South Asia, which will give us strong order book that provide visibility beyond 2013."

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

FPSO Integrity Management and Life Extension
24-25 November 2014
United kingdom, London.

Design and Operation of OSVs for Ice and Cold Climates
24-25 November 2014
United kingdom, London.

OSV Chartering Contract Management Africa
24-25 November 2014
South africa, Cape Town.

Subsea and OSV Africa
26-27 November 2014
South africa, Cape Town.

FPSO Training Course Paris
01-03 December 2014
France, Paris.

More events