All that changed when Lim Ah Cheng, the current CEO and executive chairman of the company, joined in March 2020. The year he took over, Dyna-Mac reported earnings of $5.6 million for FY2021.
Here are three other offshore & marine (O&M) companies listed on the Singapore Exchange (SGX:S68
) (SGX): Dyna-Mac, ASL Marine and Jason Marine. Dyna-Mac and ASL Marine are mainboard listings while Jason Marine is listed on the Catalist board.
Among the three, Dyna-Mac is probably best known for its turnaround story with the unexpected passing of its founder, executive chairman and then-CEO Desmond Lim in October 2019. In FY2019 ended Dec 31, 2019, the company saw a net loss of $24 million, which deepened to a loss of $58.4 million a year later in FY2020 due to the Covid-19 pandemic.
