MMHE posts 2Q net loss of RM397m on impairments


In a statement issued on Thursday, it said in 2Q there was an an impairment loss on property, plant and equipment and right-of-use assets amounting to RM300mil.

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) posted wider net losses of RM397.02mil in the second quarter ended June 30,2020 due to an impairment loss of RM300mil.

In a statement issued on Thursday, it said in 2Q there was an an impairment loss on property, plant and equipment and right-of-use assets amounting to RM300mil.

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