Nam Cheong, the Malaysian offshore support vessel builder and charterer, has seen its second-half profit triple compared with a year ago as it continues its rehabilitation.
The Singapore-listed company posted net income of MYR 115.6m ($24.3m) for the six months ended 31 December 2023 versus the MYR 36.3m seen 12 months earlier.
Revenue increased by 37% year on year to MYR 274.75m,
