TAS Offshore secures ship sales contract

Kuala Lumpur: TAS Offshore announced that a subsidiary of the company has secured a RM13.2m contract for the sale of a vessel which is expected to be delivered in April 2015.

TAS Offshore said the vessel was sold to one of its new foreign customers.

The company said the revenue generated from the contract was expected to contribute positively to its earnings and net assets for the financial year ending May 31, 2014 and 2015. [17/03/14]

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