Swissco   

Swissco Hldg

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SGX/MEDIA RELEASE – FOR IMMEDIATE RELEASE
Swissco’s net profit more than doubles to S$16.4 million for FY2012
Growth in bottom line achieved against 69.5% surge in revenue to S$110.0 million as all three business segments registered comparatively higher revenues in FY2012

  Gross profit (GP) jumped 101.9% to S$30.8 million with GP margin improving from 23.5% to 28.0%

Higher Dividends and Payout
The Board of Swissco has proposed total dividends of 0.8 cent per ordinary share and that
represents a payout of 21.1% for FY2012 as compared to 0.3 cent dividends and payout of
15.8% in FY2011. The 0.8 cent dividends include a special dividend of 0.3 cent per ordinary
share for FY2012.

Read more....

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7E3838BAE920403448257B1E0033133B/$file/SwisscoPressReleaseFY2012_Results_26Feb2013.pdf?openelement

 

 

Swissco Holdings Ltd  announced that it has, through its wholly owned subsidiaries, Swissco Energy Services Pte Ltd and Swissco Offshore Pte Ltd, entered into shipbuilding contracts for the construction and delivery of three offshore support vessels. Such offshore support vessels comprise one anchor-handling tug supply vessel and two utility vessels. The total contract value for the construction of the aforementioned offshore support vessels is approximately S$27 million, excluding owner supplied items. The offshore support vessels will be constructed in the province of Guangzhou in China , and are expected to be delivered to the Group by the end of 2012.

 

/sgx

 

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