SINGAPORE (May 15): Viking Offshore & Marine posted earnings, or profit attributable to owners of the company of $71,000 in 1Q20 ended March, after posting a loss of $1.7 million in 1Q19.

Lower revenue from the company’s offshore and marine services, as well as systems engineering projects largely as a result of lower order book carried forward meant a 17% drop y-o-y to $4 million for 1Q20.

Gross profit margin grew 4.3% due to higher margins for the power winches segment.

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