Boustead Heavy profit soars in Q3 on higher revenue


Boustead Naval Shipyard: BHIC has allocated some of its resources for a vendor development programme to work with SMEs in the ship building and repair industry.

PETALING JAYA: Boustead Heavy Industries Bhd (BHIC) recorded a 65% increase in profit after tax to RM11.9mil for its third quarter ended Sept 30, 2018 compared with RM7.2mil in the second quarter ended June 30, 2018.

Revenue improved by 19.9% to RM61.4mil compared with RM49.2mil in the preceding quarter.

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