Sibu-based shipbuilder TAS Offshore Bhd (TAS), which foresees a stronger demand for offshore support vessels and tugboats, is all set to expand its shipbuilding operations to China.
Group deputy managing director Simon Lau said TAS planned to use the shipyard facilities of its partner in China to build the vessels.
Lau said the demand for offshore support vessels was expected to increase in tandem with the increase in offshore deepsea exploration and production activities,adding that this was likely to give rise to more new orders for shipbuilders.
TAS group's main markets are the Middle East, Singapore and Indonesia.
For the quarter ended May 31,2011, TAS recorded a pre-tax profit of RM3.3mil on a turnover of RM40mil.
The pre-tax profit was 784% higher than the preceding quarter (RM374,000) due to provision for expected loss on a shipbuilding contract then.
Group deputy managing director Simon Lau said TAS planned to use the shipyard facilities of its partner in China to build the vessels.
Lau said the demand for offshore support vessels was expected to increase in tandem with the increase in offshore deepsea exploration and production activities,adding that this was likely to give rise to more new orders for shipbuilders.
TAS group's main markets are the Middle East, Singapore and Indonesia.
For the quarter ended May 31,2011, TAS recorded a pre-tax profit of RM3.3mil on a turnover of RM40mil.
The pre-tax profit was 784% higher than the preceding quarter (RM374,000) due to provision for expected loss on a shipbuilding contract then.
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