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FPSO pipeline for Dyna-Mac looks encouraging but competition is heating up

Samantha Chiew
Samantha Chiew8/31/2018 03:37 PM GMT+08  • 2 min read
FPSO pipeline for Dyna-Mac looks encouraging but competition is heating up
SINGAPORE (Aug 31): Dyna-Mac Holdings, the engineering, procurement, and construction services provider to the marine construction and offshore oil & gas industries, reversed out of the red in 1H18 with earnings of $1.21 million, compared to a loss of $22
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SINGAPORE (Aug 31): Dyna-Mac Holdings, the engineering, procurement, and construction services provider to the marine construction and offshore oil & gas industries, reversed out of the red in 1H18 with earnings of $1.21 million, compared to a loss of $22.2 million in 1H17.

2Q18 saw earnings of $1.04 million, compared to a loss of $12.5 million in 2Q17.

Revenue for 1H18 more than quadrupled to $59.8 million from $13.5 million last year, which made up 60% of CGS-CIMB’s full-year forecast.

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