Perdana Petroleum Bhd is bidding for over RM1bil worth of contracts locally and expects its financial performance to improve this year.
The company also said on Tuesday it has 13 vessels and it expected the delivery of two more vessels in the next two months.
Going forward, the company expects an improved financial performance this year.
In its first quarter ended March 31, 2013, it posted net profit of RM11.09mil compared with net loss of RM8.18mil a year ago.