KUALA LUMPUR (Jan 17): Labuan Shipyard Engineering Sdn Bhd, a subsidiary of SapuraCrest Bhd, plans to bid for some RM800 million in fabrication and shipbuilding projects this year, said its chief executive officer Mohd Azman Nasir.
He said on Tuesday that the group was planning to bid for contracts in the Permas, Endau and Belut fields next month from Murphy Oil Co and Hess Aremada.
"We will only bid for contracts more than RM50 million," Azman said at a signing ceremony between MALAYSIA BUILDING SOCIETY BHD [] and Labuan Shipyard for RM51 million financial aid.
The group which recently turned profitable after a decade in the red said it was projecting a revenue of RM400 million this year from RM100 million the year before on the back of these projects.
He said on Tuesday that the group was planning to bid for contracts in the Permas, Endau and Belut fields next month from Murphy Oil Co and Hess Aremada.
"We will only bid for contracts more than RM50 million," Azman said at a signing ceremony between MALAYSIA BUILDING SOCIETY BHD [] and Labuan Shipyard for RM51 million financial aid.
The group which recently turned profitable after a decade in the red said it was projecting a revenue of RM400 million this year from RM100 million the year before on the back of these projects.
