Triyards bags $100m in new orders


Singapore-listed Triyards says it has secured a further $100m in orders as it announces a first half profit of $13.3m.

The orders comprise a liftboat built to its exclusive BH335 design, a project to fabricate core component parts for a land based power plant, and high speed aluminium craft project for subsidiary Strategic Marine. The liftboat is due to be delivered in the fourth quarter of 2016, and the aluminium craft project is to be delivered over a four year period.

“With these new wins, we enhance our leading position as a global premier liftboat and high speed aluminium craft engineering specialist in Asia,” said Chan Eng Yew, ceo of Triyards.

Meanwhile Triyards reported a net profit of $13.3m for the six month period ended 28 February 2015. Revenues were $117.8m for the first half of FY2015.

“Since the beginning of 2015, we have added some US$275 million to our orderbook. Notwithstanding the challenging and competitive operating environment today, we remain confident that this will grow in the coming quarters, given our established track record and diversified product offering,” Chan commented.

Source from : Seatrade Global