Kim Heng Ltd. said it expects to report a net loss for FY2025, reversing from FY2024. The company attributed the anticipated loss mainly to late delivery penalties and cost overruns on a new shipbuilding vessel, lower-than-expected revenue from its newly established geotechnical survey segment, reduced charter margins due to mandatory drydocking and special surveys for several AHTS vessels, and a loss on disposal of cranes.

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