“The seaport segment is poised to grow further in 2021 as global trade recovery gains momentum, backed by the reopening of economies and borders. This is favourable for our MSM Johor refinery and the group.” MSM said
PETALING JAYA: MSM Malaysia Holdings Bhd
swung back into profitability in the first quarter ended March 31,2021 with a net profit of RM31.19mil from a net loss of RM34.70mil, due to a gain on the sales of fixed asset during the period.
Revenue rose 1% to RM514.94mil from RM510.84mil previously on the back of higher average selling prices in export sales, it said in a filing with Bursa Malaysia. MSM remains optimistic about its turnaround plan and the ability to achieve sustainable growth with the focus on exports.
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