Singapore: Net profits for offshore services provider Swiber Holdings nearly doubled in the third quarter as it eyes new opportunities. Singapore-listed Swiber reported a third quarter net profit of $15.9m up 98.4% on the same period last year. Revenues for the quarter were up 12.5% at $137.7m.
“Together with an expanded fleet of vessels, experienced management team and strong track record, we are well positioned to prudently seize fresh opportunities that will arise in the buoyant offshore exploration and development market,” said Francis Wong, ceo and president of Swiber.
Story from www.seatrade-asia.com.
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