Description of Kreuz
Before July 2008, Kreuz was a division of the Swiber Group. Subsequently, it was listed on SGX on 29 Jul 2010 and transferred its listing to the Main Board of the SGX-ST on 8 Oct 12. Kreuz is a sub sea provider whose services include subsea construction and installation services which support new offshore installation and construction projects, as well as, inspection, repair and maintenance (“IRM”) of existing offshore production and pipeline facilities. Do refer to Kreuz’s website http://www.kreuzsubsea.com/services.htmlfor more details.
Some interesting points
1. FY13F likely to beat FY12 record revenue and earnings since listing
Order book as at end Feb 2013 is around US$205m (See Figure 1) of which ...
