DAYANG Enterprise Holdings Bhd has secured a work order from Petronas Carigali Sdn Bhd for the provision of its landing craft tank (LCT), Dayang Cempaka, to be hired for 256 days with an option to extend for 60 more.
The contract value will depend on actual work orders issued.
This marks the third Petronas Carigali work order for Dayang in 2025.
Separately, Dayang reported a 56% year-on-year decline in the three months ended March 31, 2025 (1Q25) net profit to RM12.3 million, on the back of higher operating costs and lower vessel utilisation rates.
Revenue dropped 38% to RM153.8 million.
The group cited delays in contract starts and reduced vessel chartering for the weak performance.
However, Dayang expects activity to ramp up in 2Q25 with the end of the monsoon season.
It holds an outstanding call-out contract value of RM5.1 billion and remains optimistic for stronger performance throughout the year. — TMR
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