MMC Corp posts higher 2Q net profit of RM77.36m

Port of Tanjung Pelepas -- Due to various operational improvement initiatives and consistency in productivity, PTP recorded a higher volume of 58,909 TEUs in the first half 2020.

KUALA LUMPUR: MMC Corporation Bhd registered a 15% increase in its net profit at RM77.36mil for the second quarter ended June 30,2020 from RM67.22mil a year ago.

The utilities and infrastructure group reported on Monday the net profit was boosted by the Port of Tanjung Pelepas (PTP), higher contribution from Johor Port Bhd and Malakoff Corporation Bhd.