Thursday 23 February 2012

MISC slips on RM1.74b quarterly loss

MISC Bhd, an owner-operator of liquefied natural gas tankers, fell 1.7 per cent to RM5.70 as of 9:50 a.m. in Kuala Lumpur, headed for its lowest close since Jan. 3.

The company reported a quarterly loss of RM1.74 billion compared with a profit of RM1.38 billion a year earlier, due to provisions from its decision to exit the liner business, it said in an exchange filing. -- Bloomberg



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