Triyards Holdings Limited Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended February 28, 2016
For the six months, the company reported revenue was $148,610,000 against $117,805,000 reported last year. Profit from operations was $15,009,000 against $14,024,000 reported last year. Profit before tax was $12,887,000 against $14,847,000 reported last year. Profit after tax, attributable to owners of the company was $11,439,000 against $13,325 reported last year. Net cash used in generated from operating activities was $23,877,000 against net cash generated in generated from operating activities of $25,553,000 reported last year. Purchase of fixed assets was $6,544,000 against $5,882,000 reported last year. Additions to intangible assets were $77,000. Diluted Earnings per ordinary share was 3.53 cents against 4.16 cents a year ago. Net asset value per ordinary share as at 29 February 2016 was 67.15 cents. The increases were mainly due to: Contributions from four units of self-elevating units two units of multi-purpose support vessels and three units of chemical tanker during the financial period; Contribution from Strategic Marine Group for the construction of aluminium crew boats and wind farm vessels; and Certain industrial and offshore fabrication projects.