MISC profits boosted despite short-term volatility in markets

MALAYSIAN owner MISC achieved a 72% year-on-year jump in net profit in the second quarter of 2010 to RM461m (US$147m) after tax, compared with RM271m in the same three months in 2009.

The latest result was also some 69% up on the previous quarter.
This improvement in its bottom line came despite a fall in revenue from RM3.9bn last year to RM3.3bn in the three months to the end of June...

This full article is available to Lloyd's List DCN subscribers only.

If you are already a subscriber, please sign in below.

If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.

Alternatively, click here to subscribe.

Please log in

Forgot your password?

If you have forgotten your password, click here to retrieve it.

Login Name

Password

Daily Top Stories

• Rena officers sent to prison
• New salvage facility for Cairns
• Worker dies in Newcastle wharf tragedy
• Major supramax markets diverge
• Panama Canal fees hike planned for July
• 12% of world tanker fleet facing scrapping