Malaysian Marine and Heavy Engineering Holdings Bhd, the rig-building arm of MISC Bhd, said second-quarter profit dropped to RM46.4 million from RM134.1 million a year earlier.
Revenue fell to RM716.1 million from RM1.3 billion a year ago, the company said in a Kuala Lumpur exchange filing. The drop was because it no longer recognised revenue from a project in Turkmenistan, the statement said. -- Bloomberg
Revenue fell to RM716.1 million from RM1.3 billion a year ago, the company said in a Kuala Lumpur exchange filing. The drop was because it no longer recognised revenue from a project in Turkmenistan, the statement said. -- Bloomberg
