MISC 2Q net profit slips to RM299.5mil


MISC ship Angelica

KUALA LUMPUR: MISC Bhd's net profit for the second quarter ended June 30, 2020, slipped 25.1% to RM299.5mil from RM399.8mil in the previous corresponding quarter due mainly to business disruption from Covid-19 lockdown measures and impairments.

Group revenue was RM2.19bil, 1.1% higher than 2QFY19 revenue of RM2.16bil due to higher contributions from the petroelum and LNG segments.

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