Gross profit declined 3% y-o-y to RM141.3 million, and gross profit margin increased 4 percentage points (ppts) to 51%, largely driven by lower vessel maintenance expenditures.
Nam Cheong reports 87% y-o-y lower earnings of RM79.6 million ($24.21 million) for the 1HFY2025 ended June 30.
The group, which is an offshore support vessel (OSV) provider, reported an 11% y-o-y decline in revenue of RM278.2 million for the period.
