Company Briefs : Keppel Corporation

Keppel Corporation

A Keppel Offshore & Marine unit has won contracts to build two dredgers worth about $120 million.

Keppel Singmarine is building two trailing suction hopper dredgers for Codralux, a unit of Luxembourg-based Jan De Nul Group, said Keppel Corp in a statement yesterday.

This is in addition to three dredgers that the firm is already building for Jan De Nul Group, based on contracts secured in July last year.

Vallianz Holdings

Offshore support vessel provider Vallianz Holdings has won new long-term charter contracts of up to US$115 million (S$160 million) for four vessels.

The contracts came from a national oil company in the Middle East, and two offshore marine services companies based in Egypt and Turkmenistan.

The firm said these "marked Vallianz's entry into two new markets in the Middle East and Central Asia".

GP Industries

Electronics and battery manufacturer GP Industries reported that fourth-quarter net loss narrowed to $1.4 million from $4.2 million a year earlier.

Revenue rose 12.7 per cent to $263.2 million for the three months to March 31.

Full-year net profit slipped 18.3 per cent to $18.7 million as revenue was flat at $1.04 billion.

The firm noted that turnover across the group's businesses differed, affecting revenue.

Quarterly loss per share was 0.29 cent, compared with a loss per share of 0.87 cent previously, while net asset value per share stood at 70.69 cents as at March 31, compared with 69.66 cents as at March 31 last year.

A final dividend of 1.5 cents was proposed.

A version of this article appeared in the print edition of The Straits Times on May 24, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe