MMHE posts 3Q net loss of RM23.88mil, maintains cautious outlook

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Bhd (MMHE) is cautious over its prospects as the current operating landscape remains uncertain amid the Covid-19 pandemic and rising commodities prices.

For the third quarter ended Sept 30, 2021, the group posted a net loss of RM23.88mil as compared to a net profit of RM2.64mil in the year-ago quarter due to operating losses in both marine and heavy engineering segments.