EPCIC segments lifts Yinson's earnings, revenue higher in Q1

KUALA LUMPUR (Bernama) -- Yinson Holdings Bhd’s net profit for the first quarter ended April 30, 2021 (Q1) jumped to RM112.0 million from RM47.0 million in the same period a year earlier, driven mainly by the engineering, procurement, construction, installation and commission (EPCIC) segment.

In a filing with Bursa Malaysia today, the company said the strong contribution from the EPCIC business activities were related to floating production storage and offloading (FPSO) Anna Nery and contribution from FPSO Abigail-Joseph, which commenced its lease in October 2020.