Swiber Holdings Report Profit Surge

Singapore-based offshore energy group Swiber Holdings issues its Q2 & HY 2012 financial report.

Swiber Holdings provide offshore construction, offshore marine, subsea & offshore development services.

2Q 2012 highlights:

• Net Profit surges 66.0% to US$20.9 million
• Revenue rises 27.1% to US$229.6 million

HY 2012 highlights:

•  Net Profit rose 36.9% to US$33.5 million
• Revenue increases 28.0% to US$424.0 million
• Record order book of approximately US$1.6 billion, expected to contribute to Group’s results over the next two years
  
  Swiber considers that its strengthened capabilities places them in the big league, well placed for large contract wins.