The company said in a stock market announcement that its revenue rose 60% to MYR49.0m from MYR30.7m in the previous corresponding period.
For the first half earnings also more than tripled to MYR15.8m from MYR5.1m previously while revenue also consistently rose 62% to MYR78.7m from MYR48.5m.
Going forward, the group commented: "The demand for offshore support vessels has improved as the oil majors have increased their activities. This has benefited our Group so far as evident by the shipbuilding orders that we secured."
TAS Offshore added: "We foresee the oil and gas industry in Malaysia and Indonesia will require the provision of various offshore support vessels and are optimistic in our outlook that new demand for offshore support vessels with higher technical specifications suitable for deep sea operation will grow."
While noting that it would remain cautious amid the highly dynamic business conditions prevalent in the current market, TAS Offshore expressed confidence that its build-to-stock model has put the group "in a favourable situation to meet the market demand for offshore support vessels as we will be able to meet the demand for vessel owners who require shorter delivery period for their vessels".
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