Singapore-listed Nam Cheong reported today that during the second quarter its revenues rose 38% to MYR 378.8m ($117.75m), on which it earned net profit MYR 63m, a full 53% higher than its MYR 41.1m net profit earned in the corresponding quarter during 2013.
“This solid set of financial performance points to the buoyant demand for our vessels amidst increasing opportunities in the industry.
