MISC 2Q net profit jumps to RM538.8mil, declares 7 sen dividend

KUALA LUMPUR: MISC Bhd's net earnings jumped 79.9% to RM538.8mil in the second quarter ended June 30, 2021, from RM299.5mil in the previous corresponding quarter, owing to improvements in its marine engineering, shipping and offshore business segments and lower forex losses.

Revenue for the quarter was RM2.35bil, 7.7% higher than in the same quarter last year while operating profit jumped 19.9% higher year-on-year (y-o-y) to RM627mil.