Alam Maritim to gain from extensions


  • Business
  • Thursday, 10 Apr 2008

Alam Maritim Resources Bhd’s current charter contract extensions, worth RM100.57mil, for two of its anchor handling tug supply (AHTS) vessels will improve its net profit by 7.7% to RM76.6mil for the year ending Dec 31 (FY08), according to OSK Investment Research.

Prior to the contract extensions, the research house had forecast a net profit of RM71mil for the oil and gas support services company for FY08.

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