MMHE posts turnaround in 4Q with net profit of RM9.28mil


KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) returned to the black in the fourth quarter of its financial year ended Dec 31 with a net profit of RM9.28mil versus a net loss of RM25.22mil in the previous corresponding quarter.

The turnaround came amid a slight increase in revenue to RM275.64mil from RM273.24mil the comparative quarter, due mainly to improved revenue in the marine 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!

Next In Business News

Hock Soon Capital falls 7c below IPO on debut
Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Stunning 4Q finish for Malaysia
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator
One Credit debuts smart fintech system

Others Also Read