(MENAFN) Bahrain's ship and rig repair yard Asry saw a significant growth in revenue in 2013, its fourth annual growth in a row, according to Gulf Daily News.
The company's revenue was estimated at USD199 million in 2013, 12.1 percent higher than in 2012, resulting from repairing a record-equalling 184 vessels.
Chairman Shaikh Daij bin Salman Al Khalifa said: "Last year Asry put the finishing touch on an ambitious period of expansion. With an investment of USD188 million, a series of revenue diversifications, and a raft of new facilities completed, this expansion has equipped Asry with a variety of tools to drive to new growth."
Shaikh Daij added: "This is the challenge of this year; to bring all of Asry's capabilities together towards tomorrow."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.