The company posted a profit of just under US$5.3 million for the three months to 29 February, up 4% on the US$5.1 million profit booked over the same period a year earlier.

This came as the company generated neary US$70.5 million over the three-month period, up 15% on the US$61.1 million generated a year ago.

Triyards attributed the increased revenue to work done on four liftboats, two multi-purpose support vessels and three chemical tankers.

This