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Nam Cheong's Q1 profit doubles to RM71.1m

Revenue jumps 74% on higher number of vessel deliveries

PROPELLED by the robust momentum in the offshore marine industry, Malaysia-based Nam Cheong yesterday posted first-quarter net profit of RM71.1 million (S$27.6 million), almost double the RM35.8 million a year ago. Nam Cheong, which specialises in the building of offshore support vessels (OSVs