Singaporean offshore and marine engineering company Kim Heng reported a profitable first half of its 2022 financial year as it earned a net income of SGD 4.1m ($3m) on revenue of SGD 30.5m.
This significant turnaround from the loss of SGD 3.2m on revenue of SGD 29m in the first half of 2021 was in part attributed to an improved outlook in the oilfield services and marine construction segments.
