Nam Cheong's Attributable Profit Zooms 160% in Q1; Shares Down 4%

MT Newswires

05/18

Nam Cheong's (SGX:1MZ) attributable profit to owners surged 159.5% during the first quarter of the year to 78.9 million ringgit from 30.4 million ringgit a year earlier, according to a Friday filing with the Singapore Exchange.

Shares of the offshore marine company were down 4% in Monday trading.

Earnings per share came in at 0.1953 ringgit compared with 0.0761 ringgit in the year-ago period.

Revenue edged up 1% year over year to 117.9 million ringgit from 116.6 million ringgit.

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