Yinson posts higher net profit


The oil and gas service provider attributed the growth in its quarterly earnings to the commencement of its vessel FPSO (floating production storage and offloading) Helang in December 2019 and higher contribution from cargo vessel charter.

PETALING JAYA: Yinson Holdings Bhd posted 7% higher net profit to RM64.95mil in the fourth quarter ended Jan 30 from RM60.7mil a year earlier.

The oil and gas service provider attributed the growth in its quarterly earnings to the commencement of its vessel FPSO (floating production storage and offloading) Helang in December 2019 and higher contribution from cargo vessel charter.

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