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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”). ....

Yee Yang Chien , Floating Production Systeml Limited , Petroleum Product , Group Revenue , W Jerun Development , Sabah Shell Petroleum Company Limited , Asset Solutions , Gumusut Kakap Semi Floating Production System , Group Chief Executive Officer , Operating Profit , Profit Before Tax , Quarter Ended , Offshore Business , Floating Production , Product Shipping , Heavy Engineering , Arbitration Tribunal , Very Large Ethane Carriers , Suez Canal , Jerun Development Project , யீ யாங் சீன் , பெட்ரோலியம் ப்ராடக்ட் , குழு வருவாய் , சபா ஷெல் பெட்ரோலியம் நிறுவனம் வரையறுக்கப்பட்டவை , சொத்து தீர்வுகள் , குழு தலைமை நிர்வாகி அதிகாரி ,