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Tajuk : Yinson 1QFY18 profit surges 169% on higher marine contribution, stronger US dollar
link : Yinson 1QFY18 profit surges 169% on higher marine contribution, stronger US dollar
Yinson 1QFY18 profit surges 169% on higher marine contribution, stronger US dollar
KUALA LUMPUR (June 19): Yinson Holdings Bhd saw its net profit surge 169% to RM60.29 million for the first financial quarter ended April 30, 2017 (1QFY18) from RM22.38 million a year ago, mainly due to higher revenue from the marine business, lower net unfavourable foreign exchange movement of RM10.17 million and higher contribution from joint ventures (JVs) and associates of RM3.55 million.
The improvements were primarily set-off by impairment loss on investment properties of RM2.92 million and higher tax expenses of RM4.87 million.
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