Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

TAS Offshore full-year profit rises to $4.1m

TAS Offshore full-year profit rises to $4.1m
Malaysian offshore shipyard TAS Offshore Bhd continued to do well with a full-year net profit of MYR13.46m ($4.1m) from MYR11.20m previously on a 36% rise in revenue to MYR137.00m.

The company's shipbuilding segment saw a 36% rise in revenue to MYR135.13m from MYR99.72 in 2012 while revenue for the repair and service division rose by more than half to MYR2.29m.

The revenue mix also shifted, reflecting new sources of business. Customers from Singapore, UAE snd Papua New Guinea became the top revenue contributors providing MYRMYR57.7m, MYR38.4m and MYR14.3m respectively. Revenue from customers in the home market of Malaysia fell from MYR19.9m in 2012 to MYR17.9m in the current year.

TAGS: Malaysia