KUALA LUMPUR: MMC Corp Bhd saw its net profit increase 7% for the first quarter to RM55.1mil despite revenue dipping marginally by 1.1% to RM925.2mil.
The group with diversified operations including ports, energy and construction said the lower revenue was mainly due to the substantial completion of the Klang Valley Mass Rapid Transit (KVMRT)-Sungai Buloh-Kajang (SBK) Line in 2016, coupled with lower throughput volume at Port of Tanjung Pelepas (PTP), attributed to the change in network strategies of certain customers.
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