Pacific Radiance - Annual Report 2014 - page 8

Executive
Chairman’s
Statement
Ending the year on
another high note,
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received the Best
Investor Relations for
an IPO Award at the
IR Magazine Awards
& Conference for
South East Asia, held
in December at the
Singapore Exchange.
DEAR SHAREHOLDERS,
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the achievements gained during
the year made all our hard work
worthwhile and brought us closer
to our goal of becoming a global
offshore services provider. Holding
fast to tested strategies consolidated
our position in the sector as well as
gained us entry into new emerging
markets, cementing our established
standing in high growth cabotage-
protected markets where strong
tactical partnerships have enabled us
to make inroads to drive our growth.
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environment, especially in the fourth
quarter, our core strategy of maintaining
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both an operator and owner continued
to yield results. Besides adding to our
client base, some of our new vessels
delivered during the year were also
promptly chartered out. One of our
newbuilds even secured a long-term
charter contract worth more than
US$140 million, including extension
options, ahead of its expected delivery
in 2016/17.
Ending the year on another high note,
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Investor Relations for an IPO Award at
the IR Magazine Awards & Conference
for South East Asia, held in December
2014 at the Singapore Exchange. As
the annual event honours companies in
the region that have excelled in investor
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commitment to transparent, interactive
communication with all stakeholders.
FINANCIAL REVIEW FOR FY2014
Thanks largely to the charters of our
newly delivered offshore support
vessels, the ongoing rejuvenation
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Óä¯ Þi>À‡œ˜‡Þi>À ̜ 1-fÈn°Î “ˆˆœ˜
on the back of the Group revenue of
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PANG YOKE MIN
Executive Chairman
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