Nov 17, 2024
MISC Records RM338.9m Q3 Net Profit
MISC Bhd reported a Q3 2024 net profit of RM338.9 million, down from RM430.4 million in Q3 2023, with revenue declining 11% to RM2.96 billion. The drop was due to reduced revenue from a floating production, storage, and offloading unit (FPSO) in the offshore segment, lower freight rates, and currency translation losses as the ringgit strengthened against the US dollar. The offshore segment…