Higher vessel utilisation rate lifts Icon Offshore Q1 revenue and profit


KUALA LUMPUR: Icon Offshore Bhd turned in earnings in the first quarter, as higher vessel utilisation rate boosted revenue and gross profit, while the company benefited from one-time gain on its debt restructuring exercise.

The offshore service vessel (OSV) company posted a net profit of RM20.36mil in the three-month ended March 31.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Icon Offshore , OSV , shipping

   

Next In Business News

Malaysia's GDP growth likely to remain resilient at 4.5% in 2025 - OCBC
Ancom Nylex to remain vigilant in managing risks
JTGB wins RM25.5mil underground cable job
Johor-Singapore SEZ, bringing Asean closer, says Anwar
Ringgit weakens against US dollar at the close
HLB appoints Jeffrey Yap as head of regional wealth management
TAS Offshore to sustain growth momentum from strong orderbook
Hextar Industries to soft open 5 Luckin Coffee outlets this month
Sedania appoints former MD of Adidas, Darren Choy, as CEO of FMCG Group
E&O to develop RM700mil GDV waterfront residence on Andaman Island

Others Also Read