Yinson posts RM49.8mil net profit in Q1

KUALA LUMPUR: Yinson Holdings Bhd, offshore production company, said net profit fell in the first quarter ended April 30 due to the lack of one-off gains that boosted earnings last year.

Revenue fell 11% to RM209mil, following the loss of income from the charter for FPSO Allan in Gabon. The floating, production, storage and offloading vessel is being deployed to another location.