MHB posts net loss of RM104.35mil in 1Q

MHB managing director and chief executive officer Pandai Othman

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) posted a net loss of RM104.35mil in the first quarter ended March 31 against a net profit of RM6.13mil in the same period a year ago.

The lower earnings was mainly due to operating losses recorded by both its marine and heavy engineering segments.