The company achieved a net profit of US$62.5 million, up 48.6% on 2011, as well as a 45.5% increase in revenue to US$952 million.
According to Swiber, this strong growth was driven by various offshore construction contract wins in South East Asia and Latin America.
“The group secured its first contract in Mexico in March 2012, contributing significantly to its top line in FY2012.
