The higher net profit was attributable to three factors: the higher margin from chartering and fabrication activities, marginal profits achieved from its 54.98%-owned subsidiary CH Offshore as compared to a net loss in the 1HFY2021, and higher foreign exchange gains.
Baker Technology has reported earnings of $9.0 million for the 1HFY2022 ended June, 122% higher than the earnings of $4.1 million in the same period the year before.
The group’s net profit for the same period stood at $9.1 million, nearly three times higher than the $3.3 million in net profit logged in the 1HFY2021.
