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    Diversification pays dividends at Swissco

    Company News // February 26, 2015

    SGX Mainboard-listed Swissco Holdings Limited has reported a net profit of US$15.9 million on the back of US$65.5 million revenue for the financial year ended 31 December 2014 (FY2014).

    “Our solid FY2014 results reflect our successful diversification upstream into the offshore oil and gas industry as well as the continued enhancement and expansion of our fleet,” Swissco’s Chairman Mr Lim How Teck said.

    “In light of our encouraging performance, the board is pleased to recommend a first and final dividend of 2.0 Singapore cents per share to thank our loyal shareholders for their support.

    “With the successful acquisition of Scott and English Energy, we are poised to continue growing on the back of our sound fundamentals, sustainable growth strategy and stable business model.

    "Looking ahead, we also expect to continue deriving synergies from the complementary fit between our rigs and vessels, even as we continue exploring ways to further strengthen our offerings.”

     

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