Coastal’s outstanding order book of RM5.2bil as at Dec 31, 2022 (including extension) is set to provide the group with long-term earnings visibility.
PETALING JAYA: Coastal Contracts Bhd
’s growth prospects going forward will be supported by higher contributions from its gas processing and vessel chartering segments as well as joint ventures (JVs).
TA Research said the marine products and services provider’s nine-month financial year 2023 (9MFY23) core profit of RM263.7mil (increased by 197.7% year-on-year or y-o-y) was above both its (88%) expectations and consensus’ full-year forecasts.
