Yinson’s FY22 net profit up to RM401mil

PETALING JAYA: Yinson Holdings Bhd’s net profit for its fourth quarter ended Jan 31, 2022, dropped slightly to RM65mil from RM67mil in the previous corresponding period, mainly due to scheduled lower progress in engineering, procurement, construction, installation and commission (EPCIC) business activities.

In a filing with Bursa Malaysia yesterday, Yinson said the group’s pre-tax profit for the fourth quarter of the current financial year decreased by 6.6% or RM11mil to RM155mil, as compared to the RM166mil in the preceding quarter.