PETALING JAYA: Yinson Holdings Bhd posted a 144% year-on-year (y-o-y) jump in net profit to RM100.4mil for its second quarter ended July 31,2020 mainly due to EPCIC (engineering, procurement, construction, installation and commissioning) business activities related to providing a floating production storage and offloading facility (FPSO Anna Nery) to Petróleo Brasileiro S.A.
In a filing with Bursa Malaysia, the energy solutions provider said the higher profit was also due to contribution from FPSO Helang, whose lease commenced last December.