The Singapore-based offshore services company registered a 1% dip in net profit to S$7.96m ($6.37m) for the three months ended 31 March 2012.
Revenue, driven mainly by businesses of shipbuilding, ship repair and conversion, and ship chartering, rose 32% year-on-year to S$113.8m.
ASL Marine said the offshore oil and gas industry continues to see increased activity levels due to robust oil prices and high E&P expenditures by oil companies.
“Against this background, we are experiencing a healthy enquiry level for new shipbuilding coming particularly from demand for vessels to support the offshore oil exploration and production activities,” said Ang Kok Tian, chairman and managing director at ASL Marine.
“Also, the ship repair side of the business is experiencing more demand for repair works coming from the oil and gas related vessels,” he said.
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