Singapore: Redolent of booming offshore scene in Southeast Asia Singapore-listed Swiber Holdings announced yesterday it had notched up a record revenue and net profit for 2012, the highest since its listing in 2006.
Net profit leapt 48.3% to $62.5m, while revenue increased 45.5%to $952.2m led by deals in South America and Southeast Asia.
"We continue to be bullish about Asia, in particular Southeast Asia, a region that Swiber has a deep knowledge of, coupled with a proven track record. As of February this year, Swiber's order book stands at around $1.35 billion, with a significant portion to be carried out in Asia," Swiber's ceo and president, Francis Wong, said.
Swiber also revealed yesterday details of its first offshore contract deals for this year worth a total of $153m and involving transportation and installation of pipelines and offshore structures in Southeast Asia. [28/02/13]