Yinson 4Q net profit higher at RM168mil

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

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

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 4.6 sen, versus 1.3 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.