Beng Kuang Marine

Results

Beng Kuang Marine posts $11.3 mil profit before tax for 1QFY2024 from land sale

This surpasses the company’s FY2023 profit before tax of $10.82 million.

Results

Beng Kuang Marine swings back into the black with profit before tax of $10.8 mil in FY2023

On the back of cost minimisation and productivity initiatives, the company’s gross profit margin grew to 31.5% in FY2023.

Results

Beng Kuang Marine reverses into profit before tax of $2.22 mil for 3QFY2023

Revenue for the 3QFY2023 rose by 44% y-o-y to $21.4 million while 9MFY2023 revenue grew by 21% y-o-y to $53.3 million.
Beng Kuang Marine’s CEO acquires 250,000 shares in the company at 6.5 cents each - THE EDGE SINGAPORE

Insider moves

Beng Kuang Marine’s CEO acquires 250,000 shares in the company at 6.5 cents each

The acquisition ups Yong’s stake to 4.19% – or 8.35 million shares – from 4.07% previously.
Beng Kuang Marine sells 31% of its Batam shipyard property for $9.9 mil - THE EDGE SINGAPORE

Offshore & Marine

Beng Kuang Marine sells 31% of its Batam's shipyard property for $9.9 mil

The news comes after Beng Kuang sold around 30% of its Batam shipyard property for $8.64 million in April.
Beng Kuang Marine sells 31% of its Batam's shipyard property for $9.9 million - THE EDGE SINGAPORE

Offshore & Marine

Beng Kuang Marine sells 31% of its Batam's shipyard property for $9.9 million

The news comes after Beng Kuang sold around 30% of its Batam shipyard property for $8.64 million in April.
Intraco, Jadason Enterprises etc to be placed on SGX’s watch-list after losses in the last three financial years - THE EDGE SINGAPORE

Company in the news

Intraco, Jadason Enterprises etc to be placed on SGX’s watch-list after losses in the last three financial years

The companies say it will be business as usual for the company and that trading in their shares will also continue as per usual.

M&A

Beng Kuang to sell one-third of its Batam shipyard for $8.64 mil

Beng Kuang Marine is disposing a part of its stake in its Batam shipyard for $8.6 mil.

Results

Beng Kuang Marine back in the black with 9MFY2022 earnings of $1.02 million

Beng Kuang Marine shares closed Nov 25 at 5.3 cents
Beng Kuang Marine charts transformation journey - THE EDGE SINGAPORE

kopi-C: the Company brew

Beng Kuang Marine charts transformation journey

Amid rising challenges in the oil and gas industry, Beng Kuang has undertaken a strategic review of its business model.
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