Yinson net profit soars in Q3


In a filing with Bursa Malaysia, the oil and gas service provider said its revenue for the quarter soared by RM2bil to RM2.26bil compared with RM240.97mil a year earlier,

PETALING JAYA: Yinson Holdings Bhd’s net profit for the third quarter ended Oct 31,2020 doubled to RM100.73mil from RM53.98mil a year earlier, lifted by its engineering, procurement, construction, installation and commission segment.

In a filing with Bursa Malaysia, the oil and gas service provider said its revenue for the quarter soared by RM2bil to RM2.26bil compared with RM240.97mil a year earlier, boosted by the construction of its floating production storage and offloading facility (FPSO) Anna Nery to Brazilian firm Petrobas.

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