|COVID–19 NEWS||New COVID-19 cases drop 5.2 pct last week - Health Dg | Witness still COVID-19 positive, Ahmad Zahid's corruption trial postponed | Japan's daily COVID cases top 180,000, set fresh record amid 7th wave | Canada approves first coronavirus vaccine for 6-month to 5-year-olds | India reports 16,678 fresh cases amid fears of new COVID-19 sub-variants ||
KUALA LUMPUR, June 30 (Bernama) -- Marine & General Bhd (M&G) recorded net loss of RM28.34 million for the financial year ended April 30, 2022 compared with the previous year.
However, revenue for the year jumped 17 per cent to RM219.6 million vis-a-vis 2021.
For the fourth quarter ended April 30, 2022, M&G returned to the black and chalked up a net profit of RM3.5 million versus a net loss of RM10.27 million.
Its revenue for the period under review improved to RM63.24 million from RM46.79 million, the company said in a filing with Bursa Malaysia today.
In a separate statement, M&G said its revenue showed an improvement of 35.2 per cent compared to the revenue recorded in the preceding year's corresponding quarter.
“Fleet utilisation for both upstream and downstream division increased to 67 per cent and 86 per cent respectively compared to the preceding year’s corresponding quarter.
“The upstream division continued as the main revenue contributor for the quarter, generating 77 per cent of group revenue, while the downstream division generated the balance 23 per cent,” it added.
Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial