The vessel owner and yard group posted a net profit of 35.8 million ringgit ($11.9 million) compared to 33.2 million ringgit in the 2012 first quarter, on the back of a 14% increase in group revenue to 234.7 million ringgit.
Nam Cheong chief executive Datuk Tiong Su Kouk said a significant portion of revenue from the shipbuilding segment, which rose 17% to 228.3
