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Malaysia Marine and Heavy Engineering : Press Release May 2023

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PRESS RELEASE

Kuala Lumpur, 18 May 2023

MHB Achieves Revenue of RM496.2 million in the First Quarter of 2023
. | May 18, 2023 ....

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MHB Achieves Revenue of RM1.7 billion for the Financial Year Ended 31 December 2022

MHB Achieves Revenue of RM1.7 billion for the Financial Year Ended 31 December 2022
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Tanker Operator MISC Group financial results for the first quarter of FY2021

Tanker Operator MISC Group financial results for the first quarter of FY2021
tankeroperator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tankeroperator.com Daily Mail and Mail on Sunday newspapers.

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MISC group financial results for the first quarter of FY2021 | Hellenic Shipping News Worldwide

MISC group financial results for the first quarter of FY2021
MISC is pleased to announce its financial results for the first quarter ended 31 March 2021.
Financial Highlights:
• Group revenue for the quarter ended 31 March 2021 was higher than the corresponding quarter ended 31 March 2020.
• Group recorded profit before tax for the quarter ended 31 March 2021 compared to the loss in the corresponding quarter ended 31 March 2020 as the corresponding quarter included provision for litigation claims and write off of trade receivables and loss on re-measurement of finance lease receivables relating to the adverse decision on arbitration proceedings by Gumusut-Kakap Semi-Floating Production System (L) Limited (“GKL”) against Sabah Shell Petroleum Company Limited (“SSPC”). ....

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MHB posts net loss of RM104.35mil in 1Q

(MHB) posted a net loss of RM104.35mil in the first quarter ended March 31 against a net profit of RM6.13mil in the same period a year ago.
The lower earnings was mainly due to operating losses recorded by both its marine and heavy engineering segments.
Its revenue in the first quarter fell to RM343.57mil from RM346.43mil last year mainly due to lower revenue in the marine segment partially offset with the higher revenue from the heavy engineering segment.
The heavy engineering segment posted a higher revenue of RM304.2mil against RM226.8mil reported in the corresponding quarter mainly due to increased activities in ongoing projects. ....

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