BUSINESS › NEWS
MMC Posts Lower Profit Before Tax And Zakat
Its revenue eased to RM7.45 billion from RM9.20 billion in the same period of 2012.
Its basic earnings per share fell to 7.51 sen from 30.29 sen previously.
In a filing to Bursa Malaysia, the utilities and infrastructure group said the decline in revenue was due to the deconsolidation of Gas Malaysia Bhd's results post-listing in June 2012 coupled with lower contributions from Malakoff Corp Bhd.
"MMC is expected to perform better as the ongoing rectification works at the Tanjung Bin plant to solve the boiler issues is progressing smoothly and it is expected to achieve full capacity by the second half of 2014.
"The ports and logistics segment will see higher volume in Port of Tanjung Pelepas (PTP) from the port expansion due to be completed in May 2014.
"The additional capacity to be managed by PTP will translate into stronger revenue and earnings for the financial year," it said.
news coverage in our Newswire service.
Previous Top Stories
Other News Headlines
- Kajang Voters Have Opportunity To Elect A Responsible Assemblyman- politic
- Petronas Unit, Pacific Northwest Welcome Partner In Canada LNG Project- business
- Lack Of Power Costs Mohd Saufi In Final Sprint- sports
- Handicraft Maker Immortalises Sarawak's Perahu Tambang- features
- Russia Slams "Biased" Nato Approach To Ukraine Situation- world
Most Read News
Pertubuhan Berita Nasional Malaysia,
Wisma BERNAMA,No 28, Jalan 1/65A,
Off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.
Tel : 603-2693 9933 ( General Line )
E-mel : email@example.com
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution