The offshore construction giant posted a net profit of $124.9 million for the three-month period, down 12.5% from last year’s $142.8 million.
On a half-yearly basis, net profit was 4.8% lower at $243.6 million.
SembMarine said this decline was mainly due to fewer projects achieving initial recognition, with “one unit of accommodation semi-submersible rig achieving initial recognition as compared with three jack-up rigs (two jack-ups of repeated design and one unit harsh environment jack-up) that achieved initial recognition in 1H 2012”.
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