Revenue for the latest quarter grew 39% to RM99.4 million, buoyed by higher shipbuilding margins, as well as growth in contributions from the vessel charting segment due to the addition of seven vessels to the chartering fleet during 2018.
SINGAPORE (Feb 27): Nam Cheong announced earnings of RM9.7 million for the 4Q ended Dec 2018, reversing from its loss of RM987.5 million in 4Q17 mainly a result of a waiver of debts.
With the latest set of quarterly results, the group has returned to profitability in FY18 with RM963.3 million in earnings as opposed to a RM3 billion loss for the previous year.
