EPIC ... Apr 09

It plans to boost its fabrication business and will expand the development of available land at Pulau Kuching to carry out larger-scale fabrication works.

Plans are underway to develop some 24.2ha at Pulau Kuching, near its Kemaman Supply Base (KSB) and Kemaman Port, where EPIC’s fabrication arm, EPIC Mushtari Engineering Sdn Bhd, would be able to take on bigger jobs.

Currently, its fabrication yards at Telok Kalong and KSB can only handle minor fabrication works.

In FY08, EPIC posted a net profit of RM44.9 million compared with RM47.6 million previously while revenue jumped 40% to RM245.37 million. The company targets to maintain earnings this year, despite tough business conditions.