Revenue for the whole of FY2022 was $79.8 million, up 26% over the preceding year ended Dec 31 2021. The bulk of the additional revenue came from Kim Heng's marine construction business, as well as oilfield services. Its renewable energy segment revenue was down 45% to $9.8 million, while its vessel chartering business was steady over FY2021.
Kim Heng has reported earnings of $2.3 million for 2HFY2022, a swing from losses of $2.2 million reported for 2HFY2021.
This brings full year FY2022 earnings to $7.4 million, versus a loss of $5.9 million for FY2021.
