Offshore segment weighs on MMHE’s Q1 net profit


PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) saw its earnings dip into the red with a net loss of RM7.58mil for the first quarter ended March 31, 2016, from a net profit of RM36.03mil recorded a year ago.

In a filing with Bursa Malaysia yesterday, the company said its performance was due to the significantly lower revenue and operating loss from the offshore segment.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , MMHE , financial results , offshore , marine

Next In Business News

MUFG sees ringgit strengthening to 3.70 by end-2026
BMS Holdings stays cautiously optimistic for FY26
PUC receives conditional LFSA approval for Labuan banking licence
P.A. Resources records higher 2Q revenue
Johor Plantations' net profit rises 34%to RM345mil in FY25
DayOne opens Johor training centre, expands KL shared services hub
Betamek’s 3Q profit jumps 90%, declares 1.25 sen dividend
Hextar Industries buys 51% stake in llaollao operator for RM177.5mil
Ringgit hits near eight-year high of 3.89 vs US dollar
Oriental Kopi acquires land in Selangor for RM23mil

Others Also Read