ASL Marine has reported earnings 13.3% y-o-y higher for the 1QFY2026 ended Sept 30 of $20.4 million.
The group’s revenue for the first quarter of the year grew 12.1% y-o-y to $94.2 million, with increased revenue contribution mainly from shipbuilding and its ship repair, conversion and engineering services.
Revenue contribution from the ship chartering segment remained relatively stable, said the group.
ASL Marine announced in October that its subsidiary ASL Offshore & Marine has been awarded the new ship chartering contracts with an aggregate value of $82 million. These span over two to three years with ship chartering contracts supporting customers involved in marine infrastructure projects in Singapore.
Shares in ASL Marine closed 1 cent higher or 4.082% up at 25.5 cents on Nov 27.
