Skip to main content

MoneyWorks4Me

Seamec reports many fold jump in Q1 net profit

14 Aug 2018 Evaluate

Seamec has reported results for first quarter ended June 30, 2018.

The company has reported many-fold jump in its net profit at Rs 20.14 crore for the quarter under review as compared to Rs 1 crore for the same quarter in the previous year. Total income of the company increased by 15.38% at Rs 67.53 crore for Q1FY19 as compared Rs 58.53 crore for the corresponding quarter previous year.

Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater structures, repairs and maintenance of offshore platform fire-fighting services and rescue operations.

Peers