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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| MISC Group Q2 profit drops 14.1pc |
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Date:2025-08-28 Readers:
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Malaysia's MISC Group's second��uarter 2025 net profit fell to RM464.4 million (US$97.5 million) from RM540.9 million a year earlier, with revenue down 18.3 per cent to RM2.721 billion, reports Saint Petersburg's PortNews.
The weaker results were blamed on reduced contributions from Marine & Heavy Engineering and Gas Assets & Solutions, hit by lower project activity, contract completions, vessel disposals and softer freight rates.
Marine & Heavy Engineering revenue slid 52 per cent year on year to RM431.6 million, while Gas Assets & Solutions fell 23.8 per cent to RM524.4 million. Petroleum & Products eased 1.7 per cent to RM1.29 billion, with the stronger ringgit also weighing.
First��alf net profit was RM1.17 billion on revenue of RM5.54 billion. The interim dividend was maintained at 8 sen per share, payable 25 September. MISC, majority��wned by PETRONAS, operates LNG carriers, petroleum and product tankers, offshore floating solutions and engineering s
https://www.shippingazette.com/news?news_id=9250800001428 |
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