4 days ago
Keyfield's 2Q25 net profit dips
The company's revenue dropped to RM131.97mil from RM198.98mil a year earlier.
PETALING JAYA: Keyfield International Bhd aims to diversify its fleet of vessels to be able to serve different industries, with a longer-term objective of increasing the non-oil and gas sector to contribute up to 20% of total revenue.
In a filing with Bursa Malaysia, the company said this augurs well for its prospects and sustainability as well as to weather any downturn in any one sector.
For the second quarter ended June 30, 2025 (2Q25), Keyfield's net profit dipped to RM66.36mil from RM70mil in the previous corresponding quarter.
Revenue dropped to RM131.97mil from RM198.98mil a year earlier.
'The decrease in revenue for own-vessels was mainly due to the lower number of chartered days in 2Q25, representing 74.6% utilisation rate for our own vessels during this period, as compared to 96.9% in 2Q24,' it said.
