Revenue contributions from the initial recognition of five rigs in the group's rigbuilding and repair sector helped boost group turnover by 86% from $892m in the three months to September 30 2012, to $1.6bn in the same period this year.
Rigbuilding continued to dominate the group's turnover, accounting for 62% of turnover in the first nine months of 2013 ($2.3bn), up from 49% ($1.4bn) in the same three quarters last year.
The group's nine month profit figures remain consistent, with net profit of $373m so far this year, a 1% increase on 2012's $371m, although turnover grew 26% from $3bn to $3.8bn and operating profit grew 12% to $456m.
Contributions from joint ventures and associates fell 67% to $7.1m, a decline the group attributes to lower contributions from Cosco Shipyard Group, Pacific Workboats and start-up operations of Sembmarine Kakinada.
"The long-term industry fundamentals for the offshore and marine sector remain sound underpinned by exploration activities with increasing interests in harsh environment and field development programmes," the company stated in its earnings release. "Demand for high specification and ultra-deepwater rigs with advanced technical features are expected to remain strong. Sembmarine with its track record and proven capabilities is well-positioned to benefit from the opportunities in this sector."
Contracts signed in so far this year, excluding repairs, totalled $3.9bn, including $2.2bn for eight firm rig orders and $1.1bn in conversion and offshore engineering work. Sembmarine's orderbook stands at $13.5bn, with deliveries through until 2019.
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