XMH Holdings the provider of marine engines and solutions, recorded a 69.3% increase in 1H16 ended October of $3.57 million from a year ago.
The increase came on the back of a 10.1% increase in revenue to $49.56 million, primarily supported by the increase in the projects segment, following the inclusion of ZPA’s results.
XMH had acquired an 80% stake in ZPA in March for $12.8 million.
As at end October, XMH held cash and cash equivalents of $9.86 million.
Looking ahead, the group intends to ride on developments in the region for growth such as Indonesia’s mega plans for shipbuilding and investments into the economy.
XMH says it has also seen an increase in enquiries from Vietnamese fishing and commercial segments and gradual increase in activities from emerging markets in general.
Shares in XMH Holdings closed 2.33% higher at 13.2 cents on Monday.
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The increase came on the back of a 10.1% increase in revenue to $49.56 million, primarily supported by the increase in the projects segment, following the inclusion of ZPA’s results.
XMH had acquired an 80% stake in ZPA in March for $12.8 million.
As at end October, XMH held cash and cash equivalents of $9.86 million.
Looking ahead, the group intends to ride on developments in the region for growth such as Indonesia’s mega plans for shipbuilding and investments into the economy.
XMH says it has also seen an increase in enquiries from Vietnamese fishing and commercial segments and gradual increase in activities from emerging markets in general.
Shares in XMH Holdings closed 2.33% higher at 13.2 cents on Monday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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