Thursday, December 15, 2011

Coastal Contracts orderbook hits RM690m with new RM233m deals

KUALA LUMPUR (Dec 15): COASTAL CONTRACTS BHD []'s year-to-date order wins rose to RM690 million after the company secured new contracts worth RM233 million.

It said on Thursday that its units had secured contracts for the sale of three offshore support vessels, two landing crafts and two barges for a total of RM233 million.

'With this latest batch of contracts, the value of Coastal Group's secured vessel sales orders currently stood at about RM610 million, with deliveries through 2012,' it said.

Coastal Contracts said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2012.



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