Singapore Stock Market News
Triyards's 1QFY13 results
StockFanatic
Publish date: Thu, 10 Jan 2013, 10:39 AM
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Triyards reported a 5% YoY rise in revenue to US$53.3m but saw a 45% decrease in net profit to US$6.5m in 1QFY13.
Gross profit margin fell from 25% in 1QFY12 to 21% in 1QFY13 due to change in composition of projects that were undertaken at the different periods - ship repair work, which yielded a higher profit margin, was undertaken in 1QFY12.
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