Stock Earnings: Laybroy Marine reported 40.4% increase in 1st quarter net profit

Labroy Marine Ltd, which supplies offshore support vessels, may advance after reporting that its first-quarter net profit rose 40.4 pct year-on-year to 18.87 mln sgd, as it recognized more revenue from its shipbuilding contracts and disposal of vessels. Sales rose 17.2 pct to 118.07 mln sgd. Labroy Marine closed down 0.02 sgd at 1.55 on Friday.