The Hong Kong-based operation, which includes Swire PacificOffshore (SPO) and the HUD shipyard, posted profit of HKD 1.24bn ($159.7m), against HKD911m in 2012.
SPO added “newer, more sophisticated” ships last year and enjoyeda full year’s contribution from wind farm installation vessels delivered in2012.
Revenue grew to HKD 6.29bn from HKD 4.86nb the year before.
With the price of oil still high, offshore exploration indeeper water should continue to increase, it added.
