ROTARY Engineering, a mainboard-listed provider of engineering,
procurement, construction and maintenance services for the oil and gas
and petrochemical industry, on Wednesday posted a net profit of S$14.4
million for the first quarter ended March 31, 2014 compared to S$2.5
million a year ago.
This translates to an earnings per share of 2.5 Singapore cents, up from 0.4 Singapore cents a year ago.
Revenue nearly doubled to S$199.2 million for the quarter from S$102.8 million a year ago, as the "execution of current projects gained pace and momentum".
Singapore and the Middle East continued to contribute the bulk of the group's revenue, said Rotary.
This translates to an earnings per share of 2.5 Singapore cents, up from 0.4 Singapore cents a year ago.
Revenue nearly doubled to S$199.2 million for the quarter from S$102.8 million a year ago, as the "execution of current projects gained pace and momentum".
Singapore and the Middle East continued to contribute the bulk of the group's revenue, said Rotary.
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