Link: https://links.sgx.com/1.0.0/corporate-announcements/IFR0XZ9M80MPFPOD/88d72ca04e23c662e0eb2ab287abc98021eb5a9b18b5339de7d127dfaa8ac9ba

Summary:

• Nam Cheong Limited reported a 5% year-on-year increase in revenue, reaching RM116.6 million for the first quarter of 2025.
• Gross profit rose by 13% to RM56.3 million, with the gross margin expanding to 48%.
• Core profit for the quarter increased by 20% year-on-year to RM31.1 million.
• The Group's performance is driven by its successful shift towards a more resilient chartering business model, with over 57% of its vessels currently under long-term charter contracts.
• Nam Cheong is well-positioned to meet market demand and participate in the long-term growth of the regional offshore marine sector.