Things are looking up for Philly Shipyard. The Aker Capital-backed Oslo-traded company that opened itself up for US government work in 2019 has secured new contracts necessitating new hires and returned to profit.
On Friday, the company reported a $4.9m profit for 2020, versus a $20.2m loss for 2019.
"Recruiting efforts are continuing to mobilise and ramp up the workforce in time to support this work," the Pennsylvania company said in its fourth-quarter earnings report.
