The Malaysian FPSO company reported net income of MYR 30.3m ($9.5m) versus the MYR 15.5m seen a year ago.
Revenue at the Kuala Lumpur-listed offshore company was up almost 29% year-on-year to MYR 294m.
Analysts expect earnings to improve in the next quarter following first oil extraction by Yinson’s 49%-owned FPSO, PTSO Lam Son earlier this month.
The sixth-largest FPSO operator in the world is said to be bidding for a large project in Africa and a few medium sized projects in Vietnam, Indonesia and Malaysia.
Management
