In 1H17, Triyards reported revenues of US$161.8 million, an increase of 9% from a year ago, on the back of contributions from new product offerings related to the diversification strategy, and contribution from Strategic Marine Group for the construction of LNG powered aluminium catamarans ferries. Revenue for the three months ended 2Q17 stood at US$70.6 million.
SINGAPORE (April 7): Triyards Holdings recorded a loss after tax of US$4.2 million ($5.9 million) and US$6.3 million in 1H17 and 2Q17 ended Feb after making a total allowance of US$8.4 million in doubtful receivables.
“These arise from related entities of parent company Ezra Holdings which are either facing a potential going concern issue or have filed for Chapter 11 of the United States Bankruptcy Code,” says Triyards in a filing this morning.
