Coastal luggage RM109.7mil contracts

PETALING JAYA: Coastal Contracts Bhd has secured contracts for the gross sales of 1 unit Offshore Help Vessel and two different vessels for an mixture worth of RM109.7mil.

In its submitting with Bursa Malaysia, the corporate mentioned the contracts had been secured by way of its wholly-owned subsidiaries.

Coastal mentioned the income stream from the most recent contracts was anticipated to contribute positively to the group’s earnings for the monetary 12 months ending June 30, 2022 (FY22).

For the primary half of FY22, the corporate posted a web revenue of RM33.75mil on income of RM127.01mil in contrast with a web lack of RM75.68 on income of RM127.01mil within the corresponding interval final 12 months.


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