Home Capital Results

Vallianz reports 26% rise in 3Q earnings to US$5.9 mil on new charter contracts

PC Lee
PC Lee2/12/2018 07:46 AM GMT+08  • 2 min read
Vallianz reports 26% rise in 3Q earnings to US$5.9 mil on new charter contracts
SINGAPORE (Feb 12): Vallianz Holdings, the provider of offshore support vessels (OSV) in the Middle East, reported 3Q17 earnings increased 26.1% to US$5.9 million ($7.8 million) from US$4.7 million.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 12): Vallianz Holdings, the provider of offshore support vessels (OSV) in the Middle East, reported 3Q17 earnings increased 26.1% to US$5.9 million ($7.8 million) from US$4.7 million.

Group revenue in 3Q17 grew 29.6% year-on-year to US$53.64 million due mainly to the commencement of new charter contracts with a key National Oil Company (NOC) customer in the Middle East and revenue contributions from provision of vessel management services.

A reduction in depreciation expenses and the group’s strategic focus on its core chartering and brokerage services business drove an expansion in its gross profit margin to 33.4% in 3Q17 compared to 26.7% in 3Q16.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now