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ASL Marine swings from $7 mil loss to earnings of $14 mil for 3QFY2023

The Edge Singapore
The Edge Singapore • 2 min read
ASL Marine swings from $7 mil loss to earnings of $14 mil for 3QFY2023
ASL Marine is led by chairman and CEO Ang Kok Tian and his family / Photo: Samuel Isaac Chua
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ASL Marine (SGX:A04) has reported earnings of $14 million for 3QFY2023, a big swing from a loss of $7.1 million in the year earlier.

Revenue in the same period was up 42.3% y-o-y to $102.2 million, with its shipbuilding revenue surging by 256.3% to $47.3 million.

For the ninth months ended March, the company was still in the red, with a loss of $7 million, but sharply reduced from a loss of $22.8 million in the year-earlier period.

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