The offshore services player on Wednesday posted a net profit of $37.4 million, compared to $33.5 million for the 2012 first half.

Revenue was $551.8 million compared to $424 million last year.

According to Swiber chief executive Francis Wong, the company’s strong performance was driven by large contract wins amounting to $570 million to-date.

In addition, it successfully raised S$150 million ($118.2 million) with 6.5%