It’s been a while since I had blogged about Swiber and related updates from the company. The company released its 1H 2008 financial results on August 13, 2008, and all I can say is that much was in line with what I expected, though quite a large part of its future is still uncertain at this point in time due to the absence of news about potential developments. Swiber’s presentation slides and Raymond Goh’s interview with Reuters did shed some light on the strategic direction the company plans to take, and I shall comment on it in a separate section after my usual financial statement review. I will keep the financial review short as I wish to focus more on the future and prospects for the company.
Income Statement Analysis
As expected, Swiber’s 2Q 2008 revenues increased by 391% from 2Q 2007 to US$124.5 million as a result of them working concurrently on 6 projects instead of 2 in the previous year. From their order book and award of contracts during the Jan to March 2008 period, one can already foresee that their volume of business is indeed growing. Read more...By: musicwhiz
It’s been a while since I had blogged about Swiber and related updates from the company. The company released its 1H 2008 financial results on August 13, 2008, and all I can say is that much was in line with what I expected, though quite a large part of its future is still uncertain at this point in time due to the absence of news about potential developments. Swiber’s presentation slides and Raymond Goh’s interview with Reuters did shed some light on the strategic direction the company plans to take, and I shall comment on it in a separate section after my usual financial statement review. I will keep the financial review short as I wish to focus more on the future and prospects for the company.
Income Statement Analysis
As expected, Swiber’s 2Q 2008 revenues increased by 391% from 2Q 2007 to US$124.5 million as a result of them working concurrently on 6 projects instead of 2 in the previous year. From their order book and award of contracts during the Jan to March 2008 period, one can already foresee that their volume of business is indeed growing. Read more...
It’s been a while since I had blogged about Swiber and related updates from the company. The company released its 1H 2008 financial results on August 13, 2008, and all I can say is that much was in line with what I expected, though quite a large part of its future is still uncertain at this point in time due to the absence of news about potential developments. Swiber’s presentation slides and Raymond Goh’s interview with Reuters did shed some light on the strategic direction the company plans to take, and I shall comment on it in a separate section after my usual financial statement review. I will keep the financial review short as I wish to focus more on the future and prospects for the company.
Income Statement Analysis
As expected, Swiber’s 2Q 2008 revenues increased by 391% from 2Q 2007 to US$124.5 million as a result of them working concurrently on 6 projects instead of 2 in the previous year. From their order book and award of contracts during the Jan to March 2008 period, one can already foresee that their volume of business is indeed growing. Read more...
