Van der Horst 1H net profit rises 77.8% to $2.1m

Van der Horst Energy has posted a 77.8% increase in net profit to $2.11 million for the half year ended Nov 30, 2011.

Revenue rose 34.7% to $18.29 million from $13.58 million a year ago, on the back of higher sales volumes for the logistic segment in Singapore.