As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID :

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Monday, 27 February 2012

Swiber Holdings FY2011 profit falls 14% despite record turnover


Swiber Holdings Limited on Monday said its net profit for the fiscal year ended Dec 31, 2011 decreased 14 per cent year on year to US$32.07 million from US$37.27 million.

The group had recorded net revenue of US$654.49 million, representing a 40.5 per cent increased from a year ago.

Higher turnover was offset by higher administrative expenses in line with business expansion, a decrease in gain on asset disposal, higher finance cost, as well as lower share of profit from associates and joint ventures.

Earnings per share decreased to 6.3 US cents, from 7.4 US cents a year ago.

No comments:

Post a comment

Related Posts with Thumbnails