ASL Marine Holdings Ltd. announced unaudited group earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported total revenue of SGD 144,029,000 against SGD 113,785,000 a year ago. Profit before tax was SGD 11,317,000 against SGD 8,076,000 a year ago. Profit for the period attributable to owners of the company was SGD 9,622,000 against SGD 7,955,000 a year ago. The Group recorded a net cash outflow from operating activities in the third quarter of fiscal 2013 of SGD 39.6 million as compared to the net cash inflow of SGD 17.0 million in the third quarter of fiscal 2012. The higher cash outflow was mainly attributed to comparatively higher construction work in progress incurred for shipbuilding and ship repair projects partially offset by higher receipts from customers. Purchase of property, plant and equipment was SGD 874,000 against SGD 11,276,000 a year ago. For the nine months period, the company reported total revenue of SGD 315,980,000 against SGD 274,248,000 a year ago. Profit before tax was SGD 32,749,000 against SGD 27,651,000 a year ago. Profit for the period attributable to owners of the company was SGD 30,061,000 against SGD 24,039,000 a year ago. The Group's net cash outflow from operating activities of SGD 68.3 million in the nine months of fiscal 2013 was SGD 130.1 million higher as compared to the net cash inflow of SGD 61.7 million in the nine months of fiscal 2012. The increase in cash outflow was mainly attributed to higher work-in-progress incurred for shipbuilding and ship repair projects partially offset by higher receipts from customers and cash outflow on balances owing from related parties in the nine months of fiscal 2012. Purchase of property, plant and equipment was SGD 79,155,000 against SGD 47,396,000 a year ago. The company also announced allowance for impairment of doubtful trade receivables of SGD 267,000 against SGD 2,288,000 a year ago.

ASL Marine Holdings Ltd. announced that they will report Q3, 2013 results After-Market on May 08, 2013

The Board of Directors of ASL Marine Holdings Ltd. announced that it has issued SGD 100 million in principal amount of Fixed Rate Notes. The Series 006 Notes are issued under the SGD 300 million Multicurrency Debt Issuance Programme established by the company on 7 May 2008. The Series 006 Notes will have a four year tenor maturing on 28 March 2017 and will bear a fixed interest rate at the rate of 4.75%. per annum payable semi-annually in arrear. The company and its subsidiaries will use the proceeds from the issuance of the Series 006 Notes for the financing of the capital expenditure including construction of internal fleet of vessels and the general working capital requirements of the group.