MMHE net profit up 4%

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) net profit for the first quarter ended March 31, 2015 increased 4% to RM36.03mil, from RM34.63mil a year ago on the back of higher revenue from the group’s offshore and marine divisions.

In an announcement to Bursa Malaysia, MMHE said on Monday that the group’s revenue for the quarter jumped 7.2% to RM719.50mil compared to RM671.46mil in the corresponding period a year ago.