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Mermaid Maritime reports earnings of US$14.2 mil for FY2024 from reversal of impairment loss

Nicole Lim
Nicole Lim • 2 min read
Mermaid Maritime reports earnings of US$14.2 mil for FY2024 from reversal of impairment loss
The group saw a higher revenue for FY2024 due to growth in subsea inspection, repair and maintenance, cable laying, subsea transportation and installation, and decommissioning services.
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Mermaid Maritime has reported earnings of US$14.2 million ($19.09 million) for the FY2024 ended Dec 31, 2024, up 43.6% y-o-y. 

Earnings per share for the period came in at 0.68 US cents per share.

Revenue for FY2024 came in 86.4% y-o-y higher at $513.3 million.

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