Marine & General cautiously optimistic about FY24 performance

PETALING JAYA: Marine & General Bhd (M&G) expresses cautious optimism for its financial year ending April 30, 2024 (FY24), while acknowledging concerns about potential economic disruption from geopolitical instability in Europe that could impact regional and domestic economic climate.

Executive chairman Tan Sri Mohammed Azlan Hashim said the group anticipated an active year for its upstream division, aligning with Petroliam Nasional Bhd’s (PETRONAS) optimistic outlook for drilling and exploration activities as outlined in its activity outlook spanning from 2023 to 2025.