BH Global Marine's earnings slip 1% to $7M

Jan 27, 2006
The Straits Times

DESPITE a 1 per cent fall in full-year net profit to $6.8 million, BH Global Marine posted a 23.4 per cent rise in revenues to $30.3 million thanks to robust activity in global oil production and exploration.

Earnings per share fell from 3.29 cents a year ago to 2.96 cents, but net asset value as at Dec 31 was up at 10.68 cents. A dividend of one cent per share has been proposed.