Earnings of Triyards Holdings tumbled 25% to US$6.2 million ($8.9 million) in the first quarter ended Nov 30, 2015, from $8.2 million a year ago.
The lower bottom line was a result of a higher base last year, thanks to a one-off gain of US$3.9 million arising from provisional negative goodwill recognised on the acquisition of Strategic Marine.
Revenue, however, leapt 38% to US$78.1 million from US$56.7 million previously, largely driven by projects secured in FY15.
The engineering and fabrication services provider says it is "working hard" to establish other recurrent income streams.
It will also focus on executing projects-on-hand and managing its capital requirements prudently.
Triyards ended flat yesterday at 47.5 cents.
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The lower bottom line was a result of a higher base last year, thanks to a one-off gain of US$3.9 million arising from provisional negative goodwill recognised on the acquisition of Strategic Marine.
Revenue, however, leapt 38% to US$78.1 million from US$56.7 million previously, largely driven by projects secured in FY15.
The engineering and fabrication services provider says it is "working hard" to establish other recurrent income streams.
It will also focus on executing projects-on-hand and managing its capital requirements prudently.
Triyards ended flat yesterday at 47.5 cents.
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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