KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
19
We have already begun preparations to enhance our
infrastructure during FY2014 through the expansion of our
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support vessels. This is to accommodate larger higher value
projects and the increased volume of projects once the oil
and gas services sector recovers.
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contributed the remaining 11.1% of the Group’s revenue
for FY2014. Revenue jumped more than seven-fold y-o-y
to S$8.6 million, from S$1.0 million previously, as a result of
the sale of two barges in 2Q2014 and one barge in 4Q2014.
Recently, we have secured orders to build two aluminium
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customers have in us despite the slowdown in the industry.
This segment remains a strategic part of theGroup’s business
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