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.

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