Nam Cheong revenue grows 53% to RM1.9 billion in FY2014

Nam Cheong Limited , a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel builder, today reported its results for the full year ended December 31, 2014. Nam Cheong achieved revenue of RM1.9 billion, an increase of 53% compared to RM1.3 billion in the previous corresponding year (“FY2013”). In line with the growth in revenue, the Group registered a 47% rise in net profit in FY2014 to reach RM302.2 million.