Boustead Heavy Industries Corporation Berhad Reports Earnings Results for the Full Year Ended December 31, 2022

Boustead Heavy Industries Corporation Berhad is a Malaysia-based investment holding company. The Company is primarily focused on shipbuilding and maintenance, repair and overhaul (MRO). It also caters to commercial shipowners, the oil and gas industry, and private vessel owners. The Company's segments include Commercial, Defence, Energy and Others. It is principally engaged in shipbuilding and MRO of the Royal Malaysian Navy's (RMN) patrol vessels. It is involved in manufacturing, supply and maintenance of defence related electronic products. The Company is involved in heavy engineering, shipbuilding, MRO of non-defence related vessels, providing trainings, trading of goods and MRO of aircraft wheels and brakes. It offers a range of helicopter-related MRO services to Royal Malaysian Air Force (RMAF), RMN and Malaysian Maritime Enforcement Agency (MMEA). The Company also provides Malaysian Armed Forces (MAF) with MRO services in the weapons and combat systems sectors.