PETALING JAYA: Offshore support vessel (OSV) fabricator and emerging jack-up oil rig player Coastal Contracts Bhd
saw a 58% leap in net profit to RM49.2mil for the first quarter ended March 31, 2014.
Up from RM31.1mil in the previous corresponding quarter, the stronger bottomline was attributed to the increased delivery of OSV newbuilds in addition to an enhanced product mix comprising higher-value OSVs.
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