Coastal bags RM109.7mil contracts

Coastal said the revenue stream from the latest contracts was expected to contribute positively to the group’s earnings for the financial year ending June 30, 2022 (FY22). (File pic Coastal Contracts shipyard.)

PETALING JAYA: Coastal Contracts Bhd has secured contracts for the sales of one unit Offshore Support Vessel and two other vessels for an aggregate value of RM109.7mil.

In its filing with Bursa Malaysia, the company said the contracts were secured via its wholly-owned subsidiaries.