Yinson makes RM210mil profit in FY20, keeps payout steady


  • Energy
  • Wednesday, 25 Mar 2020

KUALA LUMPUR: Yinson Holdings Bhd has proposed a final dividend that matched last year's payout, as net profit in fourth quarter ended Jan 31 improved to RM64mil.

For the full year, Yinson's net profit slipped to RM210mil compared with RM235mil made previously.

The floating, production, storage and offloading (FPSO) services company has a proposed a final dividend of two sen a share to lift its total payout of six sen.

"The management is cautiously confident in the group’s ability to stay resilient through the challenges, reflected in part by our successful bid in Brazil for the FPSO Marlim 2 project, letter of intent recently secured for the provision of an FPSO in Ghana and the recent successful deployment of FPSO Helang, together with other potential upcoming projects in the pipeline," it said.

The group's net profit in the fourth quarter was lifted by contribution from FPSO Helang upon commencement of lease in December.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

oil and gas , Yinson , FPSO

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Across The Star Online