Written by The Edge
Tuesday, 03 August 2010 17:54
Boosted by $15.8m dividend from PPL Shipyard, Baker Technology, the Mainboard-listed manufacturer and provider of specialised marine offshore equipment and services for the oil and gas industry, has reported a 76% rise in net profit of $20.3 million for the six months ended 30 June 2010 (1H 2010), buoyed by a strong second quarter performance.
For the three months ended 30 June 2010 (2Q 2010), revenue fell 59% to $6.8 million compared to a year ago due to the slow new order intake last year, a result of the global credit crunch which delayed many oil and gas projects. Gross profit was down 61% to S$4.5 million.
Dividend : None
