PETALING JAYA: Marine & General Bhd
remains optimistic about its outlook, citing robust vessel demand despite challenges in the oil and gas regulatory landscape.
In a filing the group said “vessel requirements and overall activity levels will remain robust, ensuring the upstream division is well-positioned for an active financial year ahead”.
For the second quarter ended Oct 31, 2024 (2Q25), Marine & General posted a 1.3% rise in revenue to RM93.1mil, compared with RM91.8mil in 2Q24. This brought its first half of financial year 2025 (1H25) revenue to RM184.3mil, up 4.4% from RM176.5mil in 1H24, driven by higher charter rates amid sustained oil drilling activities and improved regional economic conditions.
The group’s upstream division remained the largest revenue contributor, accounting for 84% and 81% of group revenue in 2Q25 and 1H25, respectively.
