The SGX-listed shipbuilder saw net profit decline by 71% from SGD 105.7m ($83.6m) in 2012 to SGD 30.6m last year.
Revenue fell by just 6.1% to SGD 3.5bn from SGD 3.7bn.
Captain Wu Zi Heng, vice chairman and president, said: “With the many uncertainties still clouding the global economy, our group is prepared for a marketplace fraught with limited visibility.
“We will continue to increase our competitiveness by improving productivity and capability to help the group mitigate adverse industry conditions.”
The
