Annual Report

Overview

The report describes a difficult 2016 for the company amid a broad offshore and marine industry downturn, with Group revenue falling to RM170.4 million from RM950.0 million and vessel deliveries declining to two from 11. It highlights cost controls, deferred construction schedules, and an asset-light outsourced shipbuilding model as responses to weak demand. The CSR section presents clean class/clean design vessels, operating standards covering health, safety, resource management and environmental impact, and community support including funding for Dignity for Children's Foundation. The audited financial statements also highlight material uncertainty related to the Group's ability to continue as a going concern.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2016
Period: Ends 31 December 2016
Language: English
Pages
File size

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