Keyfield set to ride on market upcycle

PETALING JAYA: Offshore support and accommodation vessel 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, says 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 the 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 net profit for the first quarter ended March 31, 2024 (1Q24) soared to RM30.3mil versus RM7.41mil in the previous year, reflecting an earnings per share of 6.05 sen for the quarter.

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