Sealink back to profits on more deliveriesSealink back to profits on more deliveries

Revenue from the segment more than quadrupled to MYR 92.9m due to an increase in the number of vessels sold, Sealink said in an announcement.

It also managed to turn in a small MYR445,000 pre-tax profit from a MYR30.3m loss the year before while the chartering segment saw a 16% rise in revenue to MYR114.6m with pre-tax profit coming in at MYR18.9m. This was helped by additional charter income from two new hybrid vessels in the second half of the year.

Commenting on their prospects for the year ahead, Sealink said: "The overall results of SIB Group has improved in 2013 and are expected to improve further going forward as the SIB Group expands its vessel fleet and increase the production from the shipbuilding division."