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|DYNA-MAC HOLDINGS LTD. (New IPO)
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|Author:||mkttalk [ February 27th, 2011, 1:55 pm ]|
|Post subject:||DYNA-MAC HOLDINGS LTD. (New IPO)|
DYNA-MAC HOLDINGS LTD. (New IPO)
The Group is a multi-disciplinary specialist provider of detailed engineering, procurement and construction services to the offshore oil and gas, marine construction and other industries.
Its principal business activities are the fabrication and assembly of topside modules for FPSOs and FSOs in Singapore. From time to time, the Group may also undertake ad hoc general engineering and fabrication projects for specialised structures for semi-submersibles and sub-sea products.
The Group’s customers are located mainly in Asia Pacific, Europe and USA and include major engineering companies, owners and/or operators of FPSOs, FSOs and semi-submersibles which serve the oil and gas companies.
|Author:||xpk88 [ April 8th, 2011, 6:33 am ]|
|Post subject:||Re: DYNA-MAC HOLDINGS LTD. (New IPO)|
Dyna-Mac posts 11% rise in 3Q net profit to $7.2m
Written by The Edge
Thursday, 07 April 2011 19:46
Dyna-Mac, the engineering specialist of the offshore oil and gas industry, says net profit after tax for the third quarter ending Feb 28 rose 11% to $7.2 million from $6.5 million the year before.
Revenue dippes to $39.4 million from $47.7 million. Dyna-Mac says the ecline was due to a slowdown in deepwater drilling activities in the US following the oil spill in the Gulf of Mexico last April.
For the quarter, Dyna-Mac’s gross profit margin was 40% compared to 27% previously, an increase of 13 percentage points due to variation orders relating to one paricular project.
As at Feb 28, its order book of existing and new projects stand at $90 million.
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