KUALA LUMPUR: MISC Group Bhd posted a net profit of RM1.83bil in the financial year ended Dec 31, 2021, compared to a net loss of RM43mil in the previous year.
The group announced in a statement it had returned to the black after its 2020 performance was weighed down by provisions for litigation claims, write-offs and losses following the outcome of the arbitration proceedings by Gumusut-Kakap Semi-Floating Production System (L) Ltd against Sabah Shell Petroleum Company Ltd.
