MISC Q2 revenue rises 11.1 pct

MISC Q2 revenue rises 11.1 pct

MISC said its revenue for the second quarter of 2014 was RM2,538.6 million, up 11.1% compared to the same period in 2013.

“The increase in group revenue was mainly due to higher revenue in heavy engineering following progress of projects in hand, higher earning days in LNG business and improved freight rates in the petroleum business,” said the company in a statement.

The company’s operating profit of RM382.3 million for the quarter was 10.4% higher than the corresponding quarter’s profit of RM346.2 million. The increase in operating profit was mainly due to the increase in group revenue and lower operating costs from a smaller fleet of operating vessels.

Group profit before tax of RM344.6 million was 0.9% lower than the corresponding quarter’s profit of RM347.6 million.

1 Malaysian ringgit = 0.312256 U.S. dollars

 

Press Release, August 6, 2014; Image: MISC

Share this article

Follow LNG World News

One thought on “MISC Q2 revenue rises 11.1 pct”

  1. Pingback: bradley

Comments are closed.

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >