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Triyards’ FY16 earnings down 34% to US$17.8 mil

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Triyards’ FY16 earnings down 34% to US$17.8 mil

Benjamin Cher Published on Fri, Oct 21, 2016 / 8:23 AM GMT+8

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SINGAPORE (Oct 21): Triyards, the subsidiary of Ezra Holdings that operates yards, reported an increase of 20% for FY16 revenue to US$324.9 million ($451.7 million) and 7% increase for 4QFY16 to US$94.2 million, driven by contributions across the board.

(See also: Triyards posts 24% fall in 3Q earnings to US$4.1 mil)

However, earnings were down 73% for 4QFY16 to US$2.2 million and down 34% to US$17.8 million for FY16. This was attributed to lower gross profit margins from a different mix of projects and an absence of non-recurring negative goodwill of US$3.6 million recognised in FY15.

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Triyards’ FY16 earnings down 34% to US$17.8 mil

Results

Triyards’ FY16 earnings down 34% to US$17.8 mil

Primary tabs

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Triyards’ FY16 earnings down 34% to US$17.8 mil

Results

Triyards’ FY16 earnings down 34% to US$17.8 mil

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