Revenue almost tripled to MYR114.3m from MYR41.0m a year ago due to the completion and delivery of two anchor handling tug supply vessels, a harbour tug and two tugboats.
Looking ahead, the group has an optimistic outlook, seeing that demand for offshore support vessels with higher technical specifications suitable for deep sea operation will grow.
“In addition, our involvement with build-to-stock model has also placed the group in a favourable situation to meet the market demand for offshore support vessels as we will be able to meet the demand of vessel owners who require shorter delivery period for their vessels,” it said.
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