Yinson Q3 earnings down 26.4% to RM63.11mil


AmInvestment prefers companies with stable and recurring earnings such as Dialog Group and Yinson

PETALING JAYA: Yinson Holdings Bhd’s net profit for the third quarter to Oct 31, 2016 was down 26.4% to RM63.11mil due to lower impairment in receivables and favourable fair value in derivative contracts, but was set off by lower favourable foreign-exchange movement.

Revenue was, however, up by 15.56% to RM127.94mil.

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Business , Yinson , results , third quarter , stocks , shares , earnings , oil , gas ,

   

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