Lower earnings: A file picture of MISC’s natural gas carrier Seri Cempaka. The firm has seen its bottom line declining year-on-year for four consecutive quarters.
MISC Bhd
, a shipping group owned 63% by national oil producer Petronas, has seen its bottom line declining year-on-year for four consecutive quarters.
The company’s lacklustre earnings performance is mainly a result of the volatile energy shipping market and its offshore business’ disappointing revenue contribution.
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