Yinson remains on growth path

PETALING JAYA: Despite weaker financial year 2022 (FY22) earnings, Yinson Holdings Bhd’s long-term prospects remain intact as it continues to seek growth opportunities in the floating production, storage and offloading (FPSO) and renewable energy (RE) segments.

According to Kenanga Research, while the group’s FY22 core profit after tax after minority interest or Patami of RM411mil was down 36%, it was within expectations. It noted that the group was looking to grow earnings via participation in FPSO bids in Angola, Suriname and Vietnam.