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Global News portalSWIBER HOLDINGS POSTS 10% FALL IN 3Q NET EARNINGS TO $22.8M
Swiber Holdings, the bourgeois of offshore and marine field services, has reportable a nearby 10% fall in 3QFY2009 gain earnings to US$16.4 meg ($22.8 million) despite a 26.2% modify in income to US$96 meg for the threesome months ended 30 Sept 2009 (3QFY2009).
With attenuated revenue, Swiber’s outlay of income declined 21.9% to US$81.3 meg though it was depleted to equilibrize the modify in revenue. Major factor of costs are chartering, subcontractors, materials, have and consumables.
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