Heavy engineering and LNG shipping dent MISC earnings

MARC expects some pressure on financial performance over the near term as new LNG deliveries will be chartered at prevailing charter rates

Energy shipping firm turns in lower net profit of RM530mil for Q4

PETALING JAYA:MISC Bhd’s net profit for the fourth quarter ended Dec 31 declined to RM529.8mil from RM752.7mil a year ago mainly due to lower revenue contributions from its heavy engineering and liquefied natural gas (LNG) shipping segments.