Nam Cheong’s net profit up 47% to $113.6m in FY14
On back of strong orders from repeat customers.
Offshore support vessel builder Nam Cheong today reported that its net profit grew 47% to $113.6m (RM302.2m) in FY14.
The group saw a 53% rise in revenue in FY2014 to RM1.9 billion ($714.5m), driven mainly by its shipbuilding business segment which saw an increase in the total number of vessels delivered from 20 in FY2013 to 24 in FY2014.