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MISC reports lower FY17 earnings on RM687.5mil impairment loss


KUALA LUMPUR: MISC Bhd posted lower earnings of RM1.98bil in the financial year ended Dec 31, 2017 due to the impairment loss of ships, property, plant and equipment, offshore floating asset and other investment totalling RM687.5mil.

The LNG shipper reported on Tuesday the earnings were down 23.2% from the RM2.58bil in FY16.  The impairments in FY16 amounted to RM358.8mil.

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