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MHB returns to profit in 3Q on lower loss from heavy engineering unit

Mimi Sabreena 3:43:00 PM Informasi

KUALA LUMPUR (Oct 31): After seven straight quarterly losses, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) reported a net profit in the third quarter ended Sept 30, 2017 (3QFY17), on lower operating loss from its heavy engineering division mainly from finalisation of completed projects in the current quarter under review.

The group posted a net profit of RM16.41 million in 3QFY17 compared with a net loss of RM4.53 million in 3QFY16. It posted earnings per share of one sen compared with a loss per share of 0.3 sen a year ago.

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