KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE) managed to reduce its losses in the second quarter ended June 30, 2019 on improved performance by its heavy engineering and marine divisions but the company remained cautious for the second half.
In a statement yesterday, the company said its net losses narrowed to RM9.47mil from RM49.48mil a year ago. Its revenue increased by 23.9% to RM276.45mil from RM223.04mil. Loss per share was 0.59 sen compared with 3.09 sen.
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