Lianson Fleet posts RM21.3mil net profit in Q1, declares 1 sen dividend

KUALA LUMPUR: Lianson Fleet Group Bhd’s (LFG) net profit rose to RM21.33 million in the first quarter (Q1) ended March 31, 2026 from RM11.37 million a year ago.

For the quarter under review, LFG recorded a 20.9 per cent increase in revenue to RM69.2 million as opposed to the RM57.3 million posted in the corresponding quarter last year.

LFG said the encouraging performance was primarily driven by the continued expansion of the company’s vessel portfolio.

It said this follows the pivot into new asset classes such as marine transportation in addition to port and warehouse infrastructure which expanded its operating footprint and strengthened its ability to capture new charter opportunities in the market.

“In tandem, LFG’s overall fleet utilisation also improved substantially from 51 per cent to 78 per cent despite the seasonal monsoon, supported by improved charter activities as well as the integration and deployment of its newly acquired vessels,” it noted.

LFG declared a first interim dividend of one sen per ordinary share for the financial year 2026 which amounted to about RM11.8 million.

Managing director Lim Chern Wooi said despite the evolving landscape within the offshore oil and gas sector both globally and domestically, the company continues to see growth opportunities across its diverse business verticals.

Lim said the company remains focused on strengthening its operational capabilities and expanding its regional footprint, particularly within the Southeast Asian marine and offshore industry.

“Our recent entry into the medium-range chemical tankers marks another step in diversifying our fleet portfolio.

“The improvement in the company’s profitability reflects the progress of these strategic initiatives and resilience of our increasingly diversified business model which we believe will bode well with our growth trajectory delivering sustainable value,” he added.

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المصدر: New Straits Times