Swissco

Swissco: FY12 results released; 69.5% jump in revenues to $110m, 100% jump in earnings to $16.4m. the Group saw an increase in all 3 segments, with Maritime Services segment the most of 164%, mainly due to the delivery of vessels and fees earned. Mgmt stated that the outlook for offshore support vessels for 2013 remains positive driven by current stable oil price which continues to support investment in E&P activities. The Group will look at fleet diversification to enhance the Group’s fleet capabilities and seek strategic alliances in overseas markets to grow the chartering business. A special dividend of 0.3¢ and ordinary dividend of 0.5¢ proposed, bringing FY12 total dividends to 0.8¢; indicative yield of 3.6% for FY12