Undertakes marine industry related activities. [FY10 Turnover] Repair (53.9%), new bldg & conversion (46.1%).
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Mar-14, As part of corporate streamlining efforts, Co divested its stake in GlobalBridge Resources Corp for $98k. Feb-14, For FY14, Co's revenue is expected to decline by mid-single digit level & EBITDA is projected to decline by low single digit level. EBIT, excluding shr of associates' results, is forecast to decline by mid-single digit level, with higher depreciation & amortisation. Cash capex for S'pore & Australia is projected to be approx $2.2b, with major expenditure on the expansion of Co's LTE coverage & 3G network enhancements. Co will allocate up to $2b for invs to support growth in the digital biz over the next 3 yrs.
9M14 earnings grew 4.3% despite revenue decline of 7.2% on lower Australia mobile revenue & weaker A$, due to relatively lower handset subsidy costs & lower interconnect costs in Australia. A gain on dilution of interest in Airtel further underpinned performance. (19/03/14-HX)