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Mooreast doubles 1HFY2022 earnings, stays focused on renewable sector

The Edge Singapore
The Edge Singapore8/14/2022 09:34 PM GMT+08  • 2 min read
Mooreast doubles 1HFY2022 earnings, stays focused on renewable sector
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Mooreast Holdings has reported that earnings for 1HFY2022 more than doubled from $392,000 to $872,000. Revenue in the same period that ended June was up 81% y-o-y to $13 million.

The company, which is in the niche business of providing mooring systems for the offshore and energy industries, says that its newly-established yard division helped drive the revenue growth.

The marine supplies and services and renewable energy divisions, on the other hand, booked lower revenue.

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