UK yard reports 53% rise in post-tax profits

Pendennis shipyard latest upgrade

Falmouth, UK-based Pendennis Shipyard has reported strong performance in 2018, with record turnover and a 53.1% increase in post-tax profits – thanks, in part, to a £1.2m tax credit which accounted for 27.8% of the profit for last year. The company has also acquired a new 800-tonne travel lift.

To continue reading this article…

Create a FREE account

To continue reading this article you must
register for a free account and login.

FREE REGISTRATIONAlready have an account? Sign in

Subscribe to IBI Plus

Subscribe today and recieve
instant unlimited sitewide access.

START YOUR IBI PLUS TRIALAlready have an account? Sign in