Beng Kuang Marine Ltd. (SG:BEZ) has released an update.
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Beng Kuang Marine Ltd. has reported a significant increase in financial performance for the first half of 2024, with an 88.1% rise in revenue to S$59.92 million and a more than twofold gross profit increase to S$21.26 million. The company attributes this success to a strategic shift to a service-oriented business model and strong results from its asset integrity solutions. Additionally, Beng Kuang has announced a bonus issue of warrants to further capitalize on the upward trend and strengthen its financial position.
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