MISC said its liquified natural gas (LNG) asset solutions revenue of RM685.7mil was 1.5% lower than the RM695.9mil revenue last year, mainly due to the strengthening of the ringgit against the US dollar. (File pic shows MISC LNG tanker Camellia)
PETALING JAYA: MISC Bhd
began its financial year of 2021 (FY21) on a firm footing as revenue from its offshore business, contributed mainly by the construction of a floating production, storage and offloading (FPSO) unit, helped to offset the decline in top line of its other business segments.
The group, which provides energy-related maritime services, posted a net profit of RM429.8mil in the first quarter (Q1) ended March 31 compared with a net loss of RM1.16bil in the same quarter a year earlier.
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