Group revenue for 1Q decreased 35.2% year-on-year to US$41.2 million due mainly to the completion of various one-time vessel management projects in the second half of 2016.
SINGAPORE (Aug 14): Vallianz Holdings, the provider of offshore support vessels (OSV), posted a 12.5% increase in 1Q earnings to US$4.3 million ($5.9 mil) from a year ago.
Notwithstanding the harsh industry conditions, the Group continued to deliver a creditable performance with an operating profit of US$4.9 million in 1Q.
