Beng Kuang Marine

[millionairemind]

November 11, 2008, 6.14 pm (Singapore time)
BK Marine's Q3 net profit up 51%

By ANGELA TAN

Beng Kuang Marine Limited said on Tuesday it achieved a 51 per cent year-on-year rise in net profit to S$1.51 million for the third quarter ended September 30, 2008.

The group's turnover increased by 49.5 per cent to S$31.39 million. This was mainly driven by continual strong demand momentum in marine, offshore oil and gas activities during the quarter.

With the challenging business environment and the uncertain financial market, the group will continue to adopt a cautious approach to capital expenditures. At the same time, it will continue to focus on its debt recovery and cash collection efforts.

In October 2008, the group commenced operation at the new 32.8 hectare yard in Batam. The new yard will increase capacity of its fabrication facilities in Batam by more than 4 times and it will allow BKM to handle more offshore oil and gas module fabrications.

BK Marine said it remains positive on its performance as various shipyards in Singapore and Batam are still busy with their ship building, repairs and rig building activities.

[winston]

BK Marine's Q3 net profit up 51%
By ANGELA TAN

Beng Kuang Marine Limited said on Tuesday it achieved a 51 per cent year-on-year rise in net profit to S$1.51 million for the third quarter ended September 30, 2008.

The group's turnover increased by 49.5 per cent to S$31.39 million. This was mainly driven by continual strong demand momentum in marine, offshore oil and gas activities during the quarter.

With the challenging business environment and the uncertain financial market, the group will continue to adopt a cautious approach to capital expenditures. At the same time, it will continue to focus on its debt recovery and cash collection efforts.

In October 2008, the group commenced operation at the new 32.8 hectare yard in Batam. The new yard will increase capacity of its fabrication facilities in Batam by more than 4 times and it will allow BKM to handle more offshore oil and gas module fabrications.

BK Marine said it remains positive on its performance as various shipyards in Singapore and Batam are still busy with their ship building, repairs and rig building activities.

[kennynah]

another family run business that got listed.... and still operating like a family run business...

[millionairemind]

May 10, 2010, 5.48 pm (Singapore time)

Beng Kuang Marine's Q1 net profit falls 37%

By ANGELA TAN

Beng Kuang Marine Ltd reported on monday that its net profit for the first quarter of 2010 fell 37 per cent to S$1.55 million.

Revenue tumbled 36 per cent to S$21.48 million due to a sharp drop in revenues from infrastructure and engineering as well as supply and distribution divisions.

Beng Kuang said its yard entered into discussions with several potential customers but did not managed to secure any contract.

'There are still uncertainties in the second quarter as business environment remains challenging,' it said.

[winston]

not vested

Singapore's Beng Kuang Marine said on Friday, that in view of the current economic and operating conditions, it agreed with a client to cancel contracts worth around S$14.4 million to build two crane barges.

But the construction and delivery dates on two other barges remain unchanged, Beng Kuang said.

Source: Reuters

[kennynah]

Can buy meh, this kinda coy?

[behappyalways]

Beng Kuang to sell loss-making subsidiary's vessels for $6.3 mil
https://www.theedgesingapore.com/beng-k ... els-63-mil

[behappyalways]

Beng Kuang Marine to raise $1.3 million via placement
https://www.theedgesingapore.com/news/c ... -placement

[behappyalways]

Beng Kuang Marine raises $3.35 million via placement at 9 cents per share
https://www.theedgesingapore.com/news/c ... ents-share

[behappyalways]

Beng Kuang acquires 10% stake in IOT Workz
https://www.theedgesingapore.com/capita ... -iot-workz