MMHE expected to recover costs moving forward

KUALA LUMPUR: The unexpected cost provisions made during Malaysia Marine and Heavy Engineering Bhd's (MMHE) second quarter is not expected to re-occur moving forward, which could lead the way to a strong earnings recovery.

The energy and marine solutions provider announced yesterday it had incurred a core net loss of RM385.5mil in the second quarter of the year.

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MMHE , RHB , provisions , engineering , marine , oil and gas

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