Vallianz's Attributable Profit Surges More than 100% in H2 2024; Shares Zoom 15%

MT Newswires

2025/02/24

Vallianz's (SGX:WPC) attributable profit to owners of the company surged to $18.0 million during the second half of 2024 from SG$4.1 million a year earlier, according to a filing with the Singapore Exchange on Friday.

Earnings per share increased to $0.0148 compared with $0.0034 in the comparable period.

Revenue was up 27% year over year to $238.2 million from $187.5 million, mainly due to strong performances from the offshore support vessel segment.

Shares of the engineering services company zoomed 15% in recent trading.

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