The Singapore offshorespecialist said net profit increases year-on-year by 45.3% to $90m, whilerevenue was up 11.2% to just over $1bn.

Swiberchief executive Francis Wong said: “We are pleased to have delivered our secondconsecutive year of record-high revenue and net profit.

“Withrevenue surpassing the $1bn mark, this is not only a momentous breakthrough forSwiber but also a firm reflection of our strong underlying fundamentals andtestimonial to our operational capabilities.

“TheSoutheast