Singapore-listed CH Offshore, a vessel operator for the offshore oil and gas industry, said its third-quarter earnings tripled to S$4 million despite a marginal rise in revenue of only 1.5% to S$11 million. The company attributed the sharp rise in profits to improved charter rates helped by higher oil and gas prices. World oil prices…
SINGAPORE: CH Offshore says third quarter net profit triples to S$4 million
Posted on May 13, 2004 by EnergyAsia