KUALA LUMPUR: MMC Corp Bhd saw its net profit increase 7% for the first quarter to RM55.1mil despite revenue dipping marginally by 1.1% to RM925.2mil.
The group with diversified operations including ports, energy and construction said the lower revenue was mainly due to the substantial completion of the Klang Valley Mass Rapid Transit (KVMRT)-Sungai Buloh-Kajang (SBK) Line in 2016, coupled with lower throughput volume at Port of Tanjung Pelepas (PTP), attributed to the change in network strategies of certain customers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
