EOC posts 44% higher 4QFY10 net profit of US$7.3m
- Net cashflow from operations improves to US$8.3m, lifting full-year figure to US$55.5m - 2nd FPSO on schedule to be delivered in 2Q FY11 and will add to earnings - Expects pick-up in demand; participating in tenders for new FPSO opportunitiesSINGAPORE, 22 October 2010 EOC Limited (EOC or the Group), a provider of offshore oil and gas (O&G) support services in Asia, today reported a 44% year-on-year (yoy) jump in net profit to US$7.3 million for the fourth quarter ended 31 August 2010 (4QFY10) on a revenue of US$31.8 million, a rise of 82%. The Group also pulled itself out from