Financially challenged Singapore-based offshore contractor Swiber has been granted a further six-month extension by the Singapore exchange for announcing its quarterly results.

Swiber now has until 6 May next year to announce its financial results for the two recent financial quarters, ending June and September this year.

Swiber sought a further extension this month from the Singapore exchange on the grounds it has “been engaging with creditors, potential investors and other stakeholders, identifying and safeguarding property and assets”.