The marine supplies and services and renewable energy divisions, on the other hand, booked lower revenue.
Mooreast Holdings has reported that earnings for 1HFY2022 more than doubled from $392,000 to $872,000. Revenue in the same period that ended June was up 81% y-o-y to $13 million.
The company, which is in the niche business of providing mooring systems for the offshore and energy industries, says that its newly-established yard division helped drive the revenue growth.
