PETALING JAYA: Muhibbah Engineering (M) Bhd’s earnings for the first quarter of financial year 2020 were below analysts’ expectations as net profit plunged 85% year-on-year (y-o-y) to RM5.1mil.
This was on the back of weaker passenger receipts from Muhibbah’s Cambodia airports from the prolonged impact of Covid-19 and lower contributions from the crane segment due to the movement control order (MCO).
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