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Coastal secures RM98m vessel sales
by hlk Wed 13 Jul 2011, 20:33
KUALA LUMPUR: Shipbuilder Coastal Contracts Bhd has secured contracts for the sale of a DP2-enabled maintenance and support vessel as well as two units of barges for an aggregate value of RM98 million.
The revenue stream from the deals was expected to contribute positively to the top and bottom line performance of the group for the financial year ending Dec 31, 2011, the company said in a statement today.
The new contracts brings its total year-to-date vessel sales orders to around RM430 million.
Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyer in the second quarter, the group has about RM500 million worth of vessel sales orders awaiting delivery to customers up to 2012. - Bernama
The revenue stream from the deals was expected to contribute positively to the top and bottom line performance of the group for the financial year ending Dec 31, 2011, the company said in a statement today.
The new contracts brings its total year-to-date vessel sales orders to around RM430 million.
Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyer in the second quarter, the group has about RM500 million worth of vessel sales orders awaiting delivery to customers up to 2012. - Bernama
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