Icon Offshore expects better financial performance


Managing director Datuk Seri Hadian Hashim said the company has also improved the utilisation rate of its offshore support vessels (OSVs) and jack-up drilling rig to 90% last year from 72% in 2019.

KUALA LUMPUR: Offshore support outfit Icon Offshore Bhd expects to chart a better financial performance for the financial year ending Dec 31, 2022 (FY22) on the back of higher demand for its services as well as the uptick in the daily charter rate (DCR).

Managing director Datuk Seri Hadian Hashim said the company has also improved the utilisation rate of its offshore support vessels (OSVs) and jack-up drilling rig to 90% last year from 72% in 2019.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Capital A's aviation segment records 90% load factor, 15.4 mln passenger volume in 1Q
QSR Brands confirms temporary closure of KFC outlets amid economic challenges
BNM partners MoF to host GFIEF with 'resilient global Islamic economy' theme
CIMB Group achieves Forward23+ targets despite external uncertainties
MBSB proposes change of name to MBSB Bhd
Ringgit unchanged vs greenback due to wait-and-see mode
Saudi-based ACWA Power keen on investing over US$10bil in Malaysia
Bursa Malaysia to close for Labour Day
Singapore’s Hildrics Capital increases stake in GIIB
AirAsia X achieves 83% passenger load factor in 1Q24

Others Also Read