The offshore vessel operator reported net income of MYR 348m ($100m) versus the MYR 246.8m achieved twelve months ago.
Revenue was largely unchanged at MYR 2.4bn, while operating costs eased by just over 7% to MYR 1.65bn.
The positive result came despite the company’s offshore construction and subsea services arm suffering a 36.3% drop in revenue.
Revenue decreased by MYR 455.4m compared to a year ago mainly due to lower scope of works in line with clients’ planned activities.
Meanwhile
