3Q2019 revenues from project management and project financing businesses saw 16% and 5% increase yoy respectively, total revenue dipped 2% yoy due to the decrease in ship design services and finance lease income. Gross profit increased by 11% yoy to S$89.4 million in 3Q2019 on the back of reduced cost of sales attributed to change in mix of ship design contracts. Deltamarin has signed two design contracts with Merima Oy, a Finland-based company providing turnkey interior solutions for passenger vessels...
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Source: ShareInvestor Express