Ocean Vantage finds opportunities during crisis

Ocean Vantage managing director Kenny Ronald Ngalin (pic) said the group’s top line and the bottom line for FY20 are expected to be flat or more as the group obtained more projects during the three phases of the movement control order.

KUALA LUMPUR: ACE Market-bound Ocean Vantage Holdings Bhd’s net profit and revenue are likely to be flat in the financial year ending Dec 31,2020 (FY20) compared with last year amid the onslaught of the Covid-19 pandemic.

For FY19, Sarawak-based oil and gas integrated support services provider posted revenue and net profit of RM58.3mil and RM6.9mil respectively.