Yinson said the long-term outlook for the oil and gas industry remained challenging with the emergence of new alternative energy sources and a lower financial institutions risk appetite towards the sector.
KUALA LUMPUR: Yinson Holdings Bhd
’s net profit for the third quarter ended Oct 31, 2020 (Q3) almost doubled to RM100.73 million from RM53.97 million in the same quarter a year ago.
Revenue surged to RM2.26 billion from RM240.97 million previously mainly due to contribution from engineering, procurement, construction, installation and commissioning (EPCIC) business activities, it said in a filing with Bursa Malaysia today.
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