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NewsCoastal Contracts orderbook hits RM690m with new RM233m deals
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Coastal Contracts orderbook hits RM690m with new RM233m deals
by hlk Thu 15 Dec 2011, 19:22
KUALA LUMPUR (Dec 15): COASTAL CONTRACTS BHD []’s year-to-date order wins rose to RM690 million after the company secured new contracts worth RM233 million.
It said on Thursday that its units had secured contracts for the sale
of three offshore support vessels, two landing crafts and two barges
for a total of RM233 million.
“With this latest batch of contracts, the value of Coastal Group’s
secured vessel sales orders currently stood at about RM610 million, with
deliveries through 2012,” it said.
Coastal Contracts said the contracts were expected to contribute
positively to its earnings for the financial year ending Dec 31, 2012.
It said on Thursday that its units had secured contracts for the sale
of three offshore support vessels, two landing crafts and two barges
for a total of RM233 million.
“With this latest batch of contracts, the value of Coastal Group’s
secured vessel sales orders currently stood at about RM610 million, with
deliveries through 2012,” it said.
Coastal Contracts said the contracts were expected to contribute
positively to its earnings for the financial year ending Dec 31, 2012.
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