Mencast repairs and services sterngear, as well as manufactures it, a specialised business that is set to grow significantly when a new facility is completed next year. Photo: Mencast

Steadily rising net profit and net profit margin for Mencast.

WITH THE global ship population having expanded massively in recent years, companies that service and maintain ships are enjoying a surge in business

Mencast Holdings, listed in Singapore in 2008, is one of them. It specializes in reconditioning sterngear equipment, restoring and repairing worn out or damaged sterngear equipment to make it sea-worthy.

It also manufactures sterngear.

Mencast registered a 20% growth in earnings for 1H 2010 to $4.8 million, and has just 3% net gearing.

Mencast’s management is inviting NextInsight readers to visit its operational facilities in 7 Tuas View Circuit on Saturday morning of Oct 30. This is what you can expect:



Recent story: MENCAST: Sterngear services reap high profit margin

This is the third company visit organised by NextInsight in three months. Our reports on the previous 2 visits: 

TREK 2000: NextInsight readers get 3 hours' worth of insights

MTQ: Interesting Insights into its business for investors

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