Penguin International, the integrated marine and offshore services group with interests in shipbuilding, ship owning and ship chartering, posted a 17.3% fall in net profit to $7.3 million in the full year ended 31 December 2009 (FY09) without significant contribution from vessel sales.
Revenue rose to $114 million in FY09 from $98.4 million in FY08, due largely to higher shipbuilding and charter revenue, and partially offset by a decrease in bunkering sales.
