MMHE posts turnaround in 4Q with net profit of RM9.28mil


KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) returned to the black in the fourth quarter of its financial year ended Dec 31 with a net profit of RM9.28mil versus a net loss of RM25.22mil in the previous corresponding quarter.

The turnaround came amid a slight increase in revenue to RM275.64mil from RM273.24mil the comparative quarter, due mainly to improved revenue in the marine segment.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Thai Airways aims for 2024 completion of restructuring Premium
Labour issues dominate businesses Premium
Education needs to be realigned to meet industry demand Premium
Short Position - Who will helm MPOA next?, Shorter is not better, Large-scale solar mess Premium
GST net collection may not be as high as thought Premium
Powerwell puts business back on track Premium
Greenyield’s Papua New Guinea acquisition explained Premium
EVD debuts on ACE Market at 26 sen Premium
Euro zone bond yields plunge, spreads tighten amid recession fears Premium
Biden unlikely to secure lower oil prices from Saudi Arabia Premium

Others Also Read