Construction company EOC’s unit Lewek Arunothai will resume operations after a 40-day suspension for scheduled upgrading and maintenance.
With this, the unit is expected to start generating income. EOC’s revenue for Q2 2010 was US$35.5 million, up 140 percent from US$14.8 million in the previous year. The increase was largely attributed to the US$20.1-million contribution from Arunothai, which began its operations in October 2009.
According to an EOC spokesman’s estimate, Arunothai has contributed 60 percent of the total net profit and nearly 50 percent of revenue during the first half of this year. Its temporary suspension affected EOC’s operation significantly, although EOC was not able to give more details.
EOC offers offshore floating production and construction services, and operates in Thailand, Indonesia, India, Malaysia, Australia, the Philippines and the Middle East.