Offshore segment weighs on MMHE’s Q1 net profit


PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) saw its earnings dip into the red with a net loss of RM7.58mil for the first quarter ended March 31, 2016, from a net profit of RM36.03mil recorded a year ago.

In a filing with Bursa Malaysia yesterday, the company said its performance was due to the significantly lower revenue and operating loss from the offshore segment.

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Business , MMHE , financial results , offshore , marine

   

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