Singaporean structural steel and specialist engineering contractor Yongnam Holdings reported a reduced net profit of S6D 5.5M (USD on the back of a revenue increase to SGD 361.6M (USD 284.93M) for the year ending 31 December 2013. Commenting on the Group's full year performance, Seow Soon Yong, Chief Executive Officer of Yongnam, said, "Yongnam had achieved outstanding performance for a number of years when the Group was consecutively involved in a number of iconic projects in Singapore that delivered very attractive higher margins. While our current projects do not enjoy such high margins, the Group continues to pursue a number of large infrastructural projects in Singapore and the region.
展开▼
