Dayang’s FY25 earnings fall 36 pct on lower TMS activity
KUCHING (Feb 12): Dayang Enterprise Holdings Bhd’s (Dayang) core earnings for financial year 2025 (FY25) fell 36 per cent year-on-year (YoY) to RM193 million amid weaker revenue and reduced offshore activity. Despite the decline, the results came in ahead of analysts’ expectations, supported by stronger margins, lower interest expenses and higher interest income. Phillip Capital in a note on Thursday said that FY25 revenue dropped 36 per cent YoY to RM938 million, mainly due to a slowdown in topside maintenance services (TMS) activities following fewer work orders. The decline was also attributed to lower vessel utilisation arising from project commencement […]
