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Dyna-Mac Swings to Profit in FY21 as Revenue Surges 162%

MT Newswires ·  {{timeTz}}

02:22 AM EST, 02/22/2022 (MT Newswires) -- Dyna-Mac Holdings (SGX:NO4) returned to the black in 2021 as revenue touched a four-year high thanks to the achievement of more progress at the projects carried out in the reporting 12 months.

Net profit attributable to equity holders amounted to SG$5.5 million ($4.1 million) or SG$0.0053 per share, compared with the attributable loss of SG$58.4 million or SG$0.0571 per share in 2020.

Revenue soared 162% year over year to SG$220.2 million, the highest since 2017, according to a Monday filing.

Dyna-Mac Holdings offers engineering, procurement and construction services to offshore oil and natural gas, marine construction and other industries.

Price (SGD): S$0.09, Change: S$0.00, Percent Change: +1.10%

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