Coronavirus and weak oil prices have combined to send Penguin International’s profit plunging in the first half.
The Singapore-listed shipbuilder, owner and operator reported a profit of SGD 3.91m ($2.85m), a slump of more than 53% from SGD 8.36m in same period last year.
Revenue for the six months was down more than 26% to SGD 50.1m,
