Swiber Q1 profit doubles to US$20.07m

By

Carine Lee

        

Swiber Holdings doubled its net profit to US$20.07 million from US$8.65 million a year ago for the fiscal first quarter ended March 31, 2013.

Turnover rose 59.3 per cent year on year to US$309.74 million from US$194.43 million.
Earnings per share were 3.3 US cents, up from 1.5 US cents a year earlier.