IPO bound EA Technique’s net profit falls

PETALING JAYA: E.A. Technique (M) Bhd’s (EAT) net profit for the nine months ended Sept 30, 2014, fell 79.6% year-on-year (y-o-y) to RM10.91mil from RM53.63mil due mainly to realised gains from the disposal of an associate company totalling RM37.5mil in the previous corresponding period.

Revenue in the nine months period was however higher at RM113.5mil from RM87.70mil in the same period a year ago with the increase in revenue from marine transportation and offshore operations as well as port marine services operations.