PETALING JAYA: Marine & General Bhd
has posted a loss of RM6.13mil for the fourth quarter ended April 30, 2026, versus a profit of RM17.19mil in the same quarter a year ago.
Revenue for the quarter was also lower at RM66.74mil compared to RM93.66mil a year ago.
In a filing with the local bourse, the offshore marine support service provider said the decrease was due to lower vessel availability by both upstream and downstream divisions, as several vessels underwent scheduled docking and repair and maintenance works during the period.
For the upstream division, vessel utilisation was at 59% compared to 63% in the preceding year corresponding quarter.
The downstream division saw a lower vessel availability arising from repair and maintenance works, as well as the reversal of provision for maintenance days recognised in the current quarter.
For the full year ended April 30, 2026, the group posted a net profit of RM25mil on the back of RM343.9mil in revenue.
The board said it will remain mindful of external challenges, including global economic uncertainties and geopolitical risks.
“We will continue to focus on operational efficiency and fleet optimisation to maintain resilience and stable earnings performance.”
