The Pang Yoke Min-controlled company saw net income for the three months increase 35% to $14.3m, figures released Thursday show.
The better figures came despite revenue easing 9% to $44.3m and costs showing a year-on-year increase of 23% to $35m.
The fall in revenue was due to a weaker performance at Pacific Radiance's subsea division, where revenues were down 56% to $5.8m.
The
