PETALING JAYA: Marine & General Bhd
has posted a profit of RM9.5mil for the first quarter ended July 31, 2026 (1Q27) versus a loss of RM8.9mil in 4Q26.
Its revenue for the quarter under review was 74% lower at RM75.59mil compared to the RM99.43mil posted last year.
In a filing with Bursa Malaysia, the marine logistics provider said the decrease was due to lower vessel availability in the upstream division, as several vessels were undergoing mandatory docking and repairs and the moderating drilling activities domestically.
Due to this, vessel utilisation decreased from 82% to 75% in the quarter. However, the downstream division performed steadily.
The group did not declare any dividend for the quarter.
It added it will maintain a neutral outlook for the rest of its financial year, while making operational decisions based on market developments and economic conditions.
