The SGX-listed firm’s 49% stake in offshore vessel owner BinaBuana Raya (BBR) meant that shipchartering sales almost tripled to SGD 56.9m($45.4m) for the 12 months to 30 September.
That helped offset a big drop in shipbuilding income whichfell by almost half to SGD 36.6m.
Overall full year revenue came in at a record SGD 93.5m, up 4.1%on the previous year while net profit rose by around a fifth to SGD 25.2m.
“Underpinning
