UMW FY16 core loss worse than expected, says CIMB Research


UMW Land president Dr Wafi Nazrin Abdul Hamid (pic) said this was a 30-year contract to produce fan-casing for Rolls Royce engines.

UMW Oil and Gas (UMW-OG) reported a wider net loss of RM1.2bil in FY16 vs. RM348mil in FY15 due to lower rig utilisation and charter rates. 

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