UPSTREAM oil and gas services provider, Dayang Enterprise Holdings Bhd, is bidding for oil and gas-related services jobs in Malaysia worth RM900 million from various oil majors.
In a statement yesteday, the company said it now has an order book of RM677 million, which is set to last until 2012.
Dayang is also confident of exceeding its 15-month net profit forecast of RM46 million for the financial year ending December 31, 2008.
The company’s year to date net profit stands at RM43.3 million.
Its managing director, Tengku Yusof Tengku Ahmad Shahruddin, said given the bright industry outlook, the company is positive of achieving further growth, both operationally and financially.
In its filing to Bursa Malaysia, Dayang said it recorded a pre-tax profit of RM19.8 million on the back of RM41.6 million in revenue for the third quarter period ended June 30, 2008.
For the quarter, offshore topside maintenance services operations, which include hook-up commissioning and minor fabrication services, continued to be the major contributor to the company, contributing 81 per cent to revenue and 84.5 per cent in profit, it said.
Source : Bernama
