Beng Kuang Marine Reports Strong Turnaround

Beng Kuang Marine Ltd. (SG:BEZ) has released an update.

Beng Kuang Marine Limited has reported a significant 88.1% revenue increase in the first half of 2024, mainly due to robust performance in Infrastructure Engineering and Corrosion Prevention. The company’s strategic initiatives have led to a substantial improvement in gross profit margins, resulting in a net profit of S$14.38 million, surpassing the previous year’s total net profit. This financial turnaround follows the company’s inclusion on SGX-ST’s Watch-List and reflects their progress toward meeting the Financial Exit Criteria.

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