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.

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