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TAS Offshore sells landing craft for $4m

TAS Offshore sells landing craft for $4m
Malaysian offshore services company TAS Offshore is selling a landing craft for MYR17.3m ($3.9m), it said in a stock market announcement.

TAS Offshore said the craft would be sold to a European customer and is expected to be delivered in the second quarter of 2017.

“The revenue generated from the contract is expected to contribute positively to the earnings and net assets of TAS Group for the financial year ending 31 May 2017,” it noted.