PETALING JAYA: Offshore support and accommodation vessels firm, Keyfield International Bhd, is well-placed to ride on the upcycle of the market, especially with the current shortage of suitable vessels to support offshore activities, said group chief executive officer and executive director Datuk Darren Kee Chit Kuei.
“We look forward to executing our remaining order book which stands at RM675mil, of which RM370.9mil is for remaining nine months of 2024, and this figure is before additional charter projects which we are still bidding for,” he said in a statement.
Keyfield’s net profit for the first quarter of 2024 (1Q24) ended March 31, 2024 soared to RM30.3mil versus RM7.41mil in the previous year, reflecting an earnings per share of 6.05 sen for the quarter.
Its revenue also hiked by 92.03% to RM106.39mil, due to higher number of chartered days and increase in average daily charter rate for its own vessels by 25.2% as compared to 1Q23.
Keyfield declared a first interim dividend of 1.0 sen per share on May 27, 2024, in respect of financial year 2024 amounting to a total of RM8mil.
