MISC posts higher net profit of RM540.9mil in 2Q, declares 8c div/share

Quick Summary:

KUALA LUMPUR: MISC Bhd posted a higher bottomline in the second quarter of the financial year due to higher profit in the marine and heavy engineering segment, mainly owing to aditional cost provisions recognised in the comparative quarter and cost recovery claims.

"As we progress through the year, we remain dedicated to leveraging growth opportunities across our key segments, ensuring that we continue to deliver sustainable value for our stakeholders while advancing our commitment to a just energy transition," he said.

Consequently, he said the gas assets and solutions segment is well positioned to sustain its stable operating income, supported by its resilient portfolio of long-term charters.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaBrazilGuyanaSingapore

Topics: MISC Corporate News Offshore /Business/Business News Engineering Shipping LNG Marine

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 13:46:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 533 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22224596

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 55 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 34 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions