Challenging: MISC says the dip in second- quarter net profit was partly caused by the higher operating losses in its petroleum segment, which has a smaller fleet currently.
PETALING JAYA: MISC Bhd
’s net profit for the second quarter ended June 30 dipped 20.8% to RM300.9mil, mainly due to higher operating losses in its petroleum business.
“In addition, in the previous corresponding quarter, the group had recognised a one-off settlement received from the early re-delivery of vessels on time charter contracts,” the energy shipping giant said in a statement yesterday.
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!
