Net profit for the year ended 31 March 2012 came up to $6.07m, an increase of 8.3% from $5.6m in the previous year.
Revenue for the year amounted to $19.71m, a 25.8% increase from a year ago.
“The additional revenue contributed by the two vessels bought towards end April 2010 and early March 2011, was partially offset by loss of revenue due to off-hire of a vessel for drydocking in April 2011,” SSC said.
“The group's business model of being a tonnage supplier to blue chip operators on long-term charters, has effectively sheltered us from the negative effects of the globally depressed shipping industry and the on-going financial volatility. We intend to continue to acquire vessels under such a business model,” it added.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
