CH Offshore

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1Q13 results : http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_542F610CFD6836BF48257AAA003238BB/$file/CHOQ1results30sep12.pdf?openelement

revenue : +6%,
op. result: +33%,
net result : +43%,
OCF before WC changes : +16%,
net OCF : -58%%.

The change in receivables is significant : +7,4 million USD (for a net result of 9,4 million USD ...)

As per the company : "During 1Q12/13, collection was hampered due to further delay of payment from a major customer. As result, trade receivables rose 24.7% to US$37.388 million as at 30 September 2012 from US$29.978 million as at 30 June 2012."

(vested)