PETALING JAYA: Marine & General Bhd
(M&G) has turned around with a net profit of RM148,000 from a previous net loss of RM154.74mil for the quarter ended Dec 31, 2018, This was on the back of a 32.76% increase in revenue to RM51.31mil.
The better results were due to a one-time vessel depreciation adjustment amounting approximately to RM9mil to reflect the vessel residual value at the end of its economic life.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
