Nam Cheong 1H FY26 net profit rises 82.9% YoY to RM 164.4 million; revenue climbs 25.2% to RM 348.3 million

Reuters2026/08/13 11:17

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Nam Cheong posted 1H2026 net profit of RM164.4 million, up 82.9% year over year; revenue rose 25.2% to RM348.3 million.
Operating profit climbed 60.9% to RM192.1 million; gross margin narrowed 11.4 percentage points to 39.4%.
Other income surged to RM102.9 million on a RM101 million gain from vessel disposals; finance costs eased 8% to RM9 million.
Net gearing fell to 0.10x at June 30 from 0.27x at Dec. 31, with cash at RM226 million and borrowings at RM340.3 million.
CEO Leong Seng Keat said shipbuilding contributed revenue for the first time in six years; the group targets adding five vessels by year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nam Cheong Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: UBE8H1CC3GS832KG) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nam Cheong 1H FY26 net profit rises 82.9% YoY to RM 164.4 million; revenue climbs 25.2% to RM 348.3 million

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