Yinson reports third straight quarterly earnings growth


KUALA LUMPUR: Yinson Holdings Bhd, an independent floating, production, storage and offloading (FPSO) leasing company, reported a third straight quarterly earnings growth, boosted by higher contribution from its engineering business.

Net profit in the second quarter ended July 31 climbed 26% to RM126mil from RM100mil made a year ago.

Revenue was up to RM1.05bil compared with RM995mil previously. The company has proposed an interim dividend payout of 4 sen a share.

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