TAS lifts earnings

Malaysia’s TAS Offshore has posted a much stronger annual profit as revenue soared.

The offshore vessel shipbuilder logged net earnings of MYR 34.3m ($10.79m) in the 12 months to 31 May, from MYR 16.7m in the preceding year.

Revenue grew to MYR 254.27m from MYR 137.99m year-on-year.