- Malaysian firm’s Ebitda supported by order book, CEO says
- Ebitda figure is above the highest forecast by analysts
A Petrobras-operated FPSO vessel in Brazil.
Photographer: Dado Galdieri/BloombergYinson Holdings Bhd., a Malaysian firm making vessels for offshore oil and gas production, expects to deliver close to $1 billion in core earnings as soon as 2025 amid strong demand, its top executive said.
“We have never been in such a good position to negotiate contracts,” Chief Executive Officer Lim Chern Yuan said in an interview at his office in Singapore last week. “With our order book, we are looking at closer to a billion dollars of Ebitda by 2025, 2026.”
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