Latest news with #Keyfield
The Star
16-05-2025
- Business
- The Star
Modest 1Q25 for Keyfield
The company's revenue declined by 18% y-o-y to RM86.7mil. PETALING JAYA: Keyfield International Bhd's net profit for the first quarter ended March 31, 2025 (1Q25), fell by 32% year-on-year (y-o-y) to RM20.7mil. This translates to an earnings per share of 2.57 sen. Revenue on the other hand, declined by 18% y-o-y to RM86.7mil. In a statement, the group said traditionally, its first quarter is the weakest quarter due to the seasonal monsoon where majority of offshore activities, especially maintenance work, are not being carried out. Keyfield said 1Q25 was relatively quiet whereby its fleet utilisation was at 44.1%, with one of the reasons being many charter projects for 2025 were delayed and had started later in the year, as customers extended charter projects to complete offshore work before the end of 2024. The group declared an interim dividend of one sen per ordinary share, with the entitlement date on May 30, 2025, to be paid on June 13, 2025. Trading ideas: Aneka, Fibromat, Aemulus, Bintai, BTM, LBS, Velesto, PJBumi, Dialog, 99 Speed, Samchem, Keyfield, Swift, PBA
New Straits Times
14-05-2025
- Business
- New Straits Times
Keyfield, Elnusa eye marine services ventures in Indonesia
KUALA LUMPUR: Keyfield International Bhd's unit Keyfield Offshore Sdn Bhd has signed a memorandum of understanding (MoU) with an Indonesian company to explore marine services collaboration in the country. The MoU with PT Elnusa Tbk's subsidiary PT Elnusa Trans Samudera focuses on leveraging their respective capabilities and resources. The partnership will explore and pursue various marine services opportunities, primarily within the oil and gas sector, as well as other related industries across Indonesia. ETSA will be primarily responsible for sourcing and securing tenders. Keyfield will support ETSA by sourcing selected marine assets, particularly cable-laying and subsea vessels, as well as experienced crew members to operate the required assets. Upon securing a project, both parties will enter into a separate agreement to formalise the terms and conditions of the project. ETSA is a member of the Elnusa Group, a renowned entity within Indonesia's oil and gas industry. The company provides marine transportation support services for the oil and gas industry in Indonesia. Keyfield group chief executive officer and executive director Datuk Darren Kee said the collaboration aims to provide reliable vessel services tailored to Indonesia's dynamic offshore sector. "By combining Keyfield's technical expertise and fleet capabilities with ETSA's local market knowledge and presence, we are well-positioned to deliver comprehensive marine support solutions in one of Southeast Asia's most dynamic energy markets," he said in a statement. PT Elnusa Tbk president director Bachtiar Soeria Atmadja said the MoU will strengthen synergies within the marine and offshore services sector, particularly in supporting the increasingly complex and demanding offshore operations and service development.
The Star
14-05-2025
- Business
- The Star
Keyfield Offshore and ETSA sign MoU to explore marine services in Indonesia
Keyfield group CEO and executive director Datuk Darren Kee KUALA LUMPUR: Keyfield International Bhd's wholly owned subsidiary, Keyfield Offshore Sdn Bhd (KOSB), has entered into a memorandum of understanding (MoU) with PT Elnusa Trans Samudera (ETSA). ETSA, is a subsidiary of PT Elnusa Tbk, an Indonesian company primarily engaged in the provision of marine transportation support services for the oil and gas industry in Indonesia. In a statement, Keyfield said the MoU formalised a collaborative framework between the two parties, aimed at leveraging their respective capabilities and resources to explore and pursue various marine services opportunities, primarily within the oil and gas sector, as well as other related industries across Indonesia. Under the MoU, ETSA will be primarily responsible for sourcing and securing tenders while Keyfield will support ETSA by sourcing selected marine assets, particularly cable-laying and subsea vessels, as well as experienced crew members to operate the required assets. Upon successfully securing a project, both parties will enter into a separate agreement to formalise the terms and conditions of the secured project. 'This MoU marks an exciting step forward in our international expansion plans. Together, we aim to provide reliable vessel services tailored to Indonesia's dynamic offshore sector. By combining Keyfield's technical expertise and fleet capabilities with ETSA's local market knowledge and presence, we are well-positioned to deliver comprehensive marine support solutions in one of Southeast Asia's most dynamic energy markets,' Keyfield group CEO and executive director Datuk Darren Kee said. Meanwhile, ETSA president director Bachtiar Soeria Atmadja said the signing of the MoU marked a strategic step and significant momentum in strengthening synergies within the marine and offshore services sector, particularly in supporting the increasingly complex and demanding offshore operations and service development. 'As part of Pertamina's Subholding Upstream, PT Elnusa Tbk is strongly committed to continuously expand its service capabilities, including through our subsidiary, ETSA, which plays a vital role in supporting the national maritime industry,' he said.
The Star
14-05-2025
- Business
- The Star
Keyfield bags PETRONAS Carigali contract
Keyfield noted that the work order is expected to enhance its financial performance for the financial year ending Dec 31, 2025. KUALA LUMPUR: Keyfield International Bhd has secured a work order from PETRONAS Carigali Sdn Bhd to provide an accommodation work boat for offshore operations, as part of a panel contractor contract for offshore support vessel services. The contract, awarded to its wholly-owned subsidiary Keyfield Offshore Sdn Bhd on April 11, runs for seven months with an option for a two-month extension. No contract value was disclosed but Keyfield noted that the work order is expected to enhance its financial performance for the financial year ending Dec 31, 2025. Shares of Keyfield rose 17 sen or almost 10%, to RM1.95 yesterday. The company last month acquired a new 98-metre cable-laying barge from Taizhou Sanfu Enginering Co Ltd for RM90.8mil.
