Meanwhile, gross profit saw a 23.9% y-o-y increase to $9.5 million, while gross profit margin was up at 35.4% in 3QFY2024.
Beng Kuang Marine has reported a profit before tax of $3.8 million for the 3QFY2024 ended September, up 27.2% y-o-y from the same period last year.
This came on the back of the group’s revenue growth in 3QFY2024, which saw a 25.1% y-o-y increase to $26.8 million. This was due to revenue growth from the group’s IE business division, which was driven by demand for asset integrity solutions supporting floating production storage and offloading (FPSO) vessels in onshore and offshore markets.
