Asian Marine Services Public Company LimitedASIMAR
▲ PositiveCapitalrelevance
Net profit up 22.51% despite revenue declines, with remaining backlog and growth target.
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Asian Marine Services Public Company LimitedAsian Marine Services Public Company Limited, or ASIMAR, reported second quarter 2569 net profit of 14.86 million baht, up 22.51% from the same period last year, with total revenue of 175.51 million baht. This comprised ship repair revenue of 133.80 million baht, down 6.89%, and shipbuilding revenue of 25.90 million baht, down 73.97%, as the economic slowdown led ship owners to delay maintenance plans and the company recognised revenue from only one tugboat construction project for Sattahip Commercial Port, Royal Thai Navy, during the quarter. The company has a remaining shipbuilding backlog of about 150 million baht and targets 2569 revenue growth of 10% from the previous year, while continuing to bid for government projects.
Asian Marine Services Public Company LimitedNet profit up 22.51% despite revenue declines, with remaining backlog and growth target.