In a filing with Bursa Malaysia, the group said “the heavy engineering segment posted a higher revenue of RM304.2mil against RM226.8mil reported in the corresponding quarter mainly due to increased activities in ongoing projects”.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE) posted a net loss of RM104.35mil for the first quarter ended March 31,2021 (Q121) due to operating losses from both marine and heavy engineering segments.
The group’s revenue was down marginally 0.83% to RM343.57mil in the quarter compared to RM346.43mil a year ago dragged by lower revenue in the marine segment, which was partially offset by the higher revenue from heavy engineering segment.
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