ASL Marine, the offshore support vessel operator and shipbuilder, has ended the year in the black as it continues its Covid-19 delayed restructuring efforts.

The Singapore-listed company reported a fourth-quarter net profit of SGD 10.4m ($7,7m), reversing a year ago loss of SGD 9.35m.

The results for the last three months of the financial year helped the company post a net profit for the full year of SGD 3.6m.