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    Profits jump at Labroy Marine

    Yard News // May 10, 2006

    Singapore marine engineering company Labroy Marine Ltd says its first-quarter net profit jumped 40 per cent compared to the same period a year earlier, partly due to a one-time gain of S$5.2 million. 

    Net profit for the three months ended March 31st 2006 was S$18.9 million, compared with S$13.4 million a year earlier, said the company in a statement.

    Revenue rose 17.2 per cent to S$118.1 million from S$100.8 million a year earlier as the company carried out more shipbuilding and ship repair work.

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