For the same period, revenue increased y-o-y by US$19.4 million or 29.5% to US$85.2 million resulting from an increase in subsea inspection, repair, maintenance (IRM) and diving works, as well as transport, installation and decommissioning projects that began during the quarter.
Mermaid Maritime (SGX:DU4
) has posted record earnings of US$6.9 million ($9.3 million) for the 3QFY2023 ended June 30, more than doubling its earnings of US$3.1 million in the same period last year.
Earnings per share also increased to 0.5 US cents for the period, up from 0.2 US cent sin 3QFY2022.
