MISC: LNG shipping spot charter rates firming up

The shipping group announced to Bursa Malaysia that these factors saw net profit declining by 2.9% from the RM266.1mil a year ago. Its operating profit of RM330mil was down by RM46.4mil when compared with RM376.4mil a year ago.(File pic shows MISC LNG tanker Camellia.)

KUALA LUMPUR: MISC Bhd posted a lower net profit of RM258.3mil in the third quarter ended Sept 30,2020 due to reduced revenue from the liquified natural gas (LNG), petroleum and offshore segments but maintained its dividend payout of seven sen a share.

The shipping group announced to Bursa Malaysia that these factors saw net profit declining by 2.9% from the RM266.1mil a year ago. Its operating profit of RM330mil was down by RM46.4mil when compared with RM376.4mil a year ago.