Yinson 4Q net profit jumps more than two-fold to RM168mil

PETALING JAYA: Yinson Holdings Bhd remains confident of its ability to remain resilient amidst the rising global economic challenges and underlying risks.

In a filing with Bursa Malaysia, the energy infrastructure and technology provider said it will continue to apply measures to prudently manage inflation and interest rate risks.

“Supported by our existing portfolio of long-term contracts, we believe we can achieve satisfactory results for the financial year ending Jan 31, 2024.

For its fourth quarter ended Jan 31, 2023, Yinson’s net profit grew to RM168mil from RM65mil a year earlier, while its revenue improved to RM1.96bil from RM741mil.

Earnings per share stood at 4.60 sen, versus 1.30 sen a year earlier.

For the financial year ended Jan 31, 2023, the company’s net profit surged to RM586mil from RM401mil in the previous corresponding period, while revenue rose to RM6.3bil from RM3.61bil previously.

Yinson also declared a final single tier dividend of one sen per ordinary share, to be paid on Aug 30.

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Yinson , Dividend


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