First quarter improvement for ASL Marine

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13 Nov 2011

ASL_Marine_Holdings_newASL Marine booked a healthier set of results for its first-quarter ended 30 September 2011 on higher contributions from its shiprepair and chartering businesses.

The Singapore-listed company posted net profit of S$8.5m ($6.6m) during the quarter compared to S$8m in the same period of last year.
Revenue also rose to S$83.1m compared to S$81.4m a year ago. ASL has an outstanding orderbook with respect to long-term ship chartering contracts amounting to approximately S$57m.
“Going forward, the challenging market conditions and strong competitive pressures remain imminent headwinds that cannot be ignored,” said Ang Kok Tian, chairman and managing director of ASL.
Source: Seatrade-Asia

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