Mermaid has controversial and profitable year

DESPITE the various controversies which have plagued Mermaid Marine this financial year, it has recorded double-digit growth in revenue and profit.

Mermaid has controversial and profitable year Mermaid has controversial and profitable year Mermaid has controversial and profitable year Mermaid has controversial and profitable year Mermaid has controversial and profitable year

Its net profit after tax settled at $51 million, an 18% increase year on year while continued strength in the oil and gas industry in the northwest of Australia drove revenues up to $380.

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