MMHE narrows losses to RM4.66m in 3Q FY19, cautious on outlook

  • Business Premium
  • Thursday, 24 Oct 2019

MMHE managing director and CEO Wan Mashitah Wan Abdullah Sani said: “Despite improvement in the current quarter performance against the preceding quarter, the short term overall outlook remains uncertain in view of intensifying geopolitical tensions, slowing global economic growth, sluggish oil demand and the ongoing unresolved US-China trade conflict.

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) narrowed its net losses to RM4.66mil in the third quarter ended Sept 30,2019 from RM22.72mil a year ago but it remained cautious on the outlook due to the volatile geopolitical issues.

It announced on Thursday its revenue was lower at RM254.34mil, down 12.2% from RM289.80mil. Loss per share was 0.29 sen compaed with 1.42 sen.

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