MISC first quarter earnings at RM376mil

Shipping player declares dividend of seven sen

PETALING JAYA: MISC Bhd recorded a net profit of RM376.4mil in the first quarter ended March 31, 2022 (1Q22), a 12.42% drop from RM429.8mil in the same quarter last year on higher finance costs coupled with a lower share of profits from joint-venture entities.

In a statement, the shipping and maritime services group said operating profit for the quarter was 11.4% higher at RM516.9mil compared with the previous corresponding quarter.