ASL Marine has seen its second quarter profit halved and does not expect the market to improve this year.
The Singapore-listed company earned SGD 0.88m ($0.62m) between October and December, a decline of 51.6%.
Ang Kok Tian, chairman of ASL, said: “Despite the recent stabilization of oil prices, we do not foresee the operating environment for our businesses improving significantly in the next 12 months.
“The
