Pacific Radiance posts lower 1Q15 profit

Singapore-listed offshore services provider Pacific Radiance posted a lower profit of USD1.08 million, down 94% year on year (y/y) for the first quarter that ended on 31 March 2015, compared with USD17.3 million.
Revenue fell 25% y/y to USD31.5 million in the first quarter, compared with. Gross

Nam Cheong’s profit down 45% for 1Q15

Singapore-listed offshore-vessel builder Nam Cheong posted a profit of MYR39.3 million (USD10.9 million), down 45% year on year (y/y) for the first quarter ended 31 March 2015.
Revenue fell 20% to MYR326 million in first-quarter 2015, compared with MYR407 million in first-quarter 2014. Similarly,