For the full FY2021 ended Dec 2021, the company reported earnings of $2.04 million, reversing from a loss of $11.8 million. Revenue was down 1% to $180.6 million.
The company plans to pay a dividend of 0.025 cents per share. It didn’t pay any for FY2020.
Paul Shin, the company’s CEO, says the company is enjoying “good momentum” of its “gradual recovery” seen in FY2021.
A recently secured order of $200.7 million from PUB for works at the Industrial Liquids Module 1 at the Tuas Water Reclamation Plant has lifted the company’s total order book to $775 million as at Dec 31 2021.
See also: MAS net profit rises to $19.7 bil in FY2024/25 with investment gains more than doubling y-o-y
The company’s shares closed on Jan 28 at 4.5 cents, down 4.26% for the day and down 10% year to date.
