Yinson earnings down on higher financing costs


"Group executive chairman and managing director Lim Han Weng said there were only six credible and reputable providers in the world including the company for the O&G-related services.

PETALING JAYA: Despite higher revenue, Yinson Holdings Bhd’s net profit fell 11.9% to RM73.67mil for the second quarter ended July 31 from RM83.60mil in the corresponding period last year.

The offshore support services company posted lower earnings due to higher financing costs and reduced contributions from its joint ventures and associates.

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Business , Yinson

   

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