Oil tanker maker also diversifying into the green energy sector.
PETALING JAYA: Yinson Holdings Bhd, a maker of vessels for offshore oil and gas production, expects to deliver close to US$1 billion in core earnings as soon as 2025 amid strong demand, its top executive said.
Lim’s prediction is substantially above RM3.26 billion, the most optimistic forecast among the six analysts polled by Bloomberg on Yinson’s 2026 earnings before interest, taxes, depreciation and amortisation . It’s also higher than RM2.8 billion, the average of the six. The company’s order book of about RM100 billion, which includes both firm contracts and options, will last for 20 years, he said, adding the firm’s backlog is the world’s second highest for FPSO companies.
Besides FPSOs, Yinson will also have almost 500 megawatts of renewable energy generation by the end of 2023 and targets to have a gigawatt’s worth in a year or two in construction and operation, Lim said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inter coach Inzaghi extends contract until 2025His current deal was set to expire at the end of the season.
Read more »
Volkswagen Group to launch MEB Entry small EVs fr 2025; Skoda, Cupra models to join redesigned ID. LifeVolkswagen Group brands Skoda, Cupra and Volkswagen will be launching an ultra-compact electric vehicle each in 2025 on a smaller version of the group’s MEB electric vehicle platform, and all three will be made on …
Read more »
Kemajuan projek landasan elektik berkembar Gemas-JB capai 92%Menteri Pengangkutan Loke Siew Fook berkata projek landasan berkembar elektrik yang terdiri daripada 11 stesen itu dijangka siap menjelang 2025.
Read more »
KPKT tetapkan sasaran kadar kitar semula negaraketika ini, Rancangan Malaysia Ke-12 menetapkan sasaran 40 peratus menjelang 2025 berbanding 60 hingga 70 peratus peringkat antarabangsa.
Read more »
Manchester United shares plunge as uncertainty over sale growsThe Glazer family is reportedly pulling out after offers fell short, with a possible sale revival in 2025.
Read more »
Kenanga lowers TNB’s earnings outlook for FY2023Research house projects a reduced core net profit exceeding RM4.1 billion in FY2023 but keeps ‘outperform’ call.
Read more »