SINGAPORE (Aug 15): Uni-Asia Group, which owns and manages ships and hotels, has continued its turnaround thus far this current year. For the second quarter ended June 30, the company posted earnings of US$3.4 million ($4.6 million), up 87% y-o-y from US$1.8 million recorded in the year earlier period. Revenue, meanwhile, was up 11% to US$25.2 million.

For the half year, the improvement was more apparent. Earnings increased from US$1.2 million to US$5.5 million, while revenue was up 16% from US$41.5 million to US$48.1 million. “The company is recovering, it is getting better over the past five years,” says chief financial officer Lim Kai Ching at a briefing on Tuesday.

See: 1H results confirm turnaround for Uni-Asia, says NRA

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