EPCIC segment lifts Yinson’s earnings, revenue higher in Q1 | Malay Mail

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EPCIC segment lifts Yinson’s earnings, revenue higher in Q1 | Malay Mail
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KUALA LUMPUR, June 25 — Yinson  Holdings Bhd’s net profit for the first quarter ended April 30, 2021 (Q1) jumped to RM112.0 million from RM47.0 million in the same period a year earlier, driven mainly by the engineering, procurement, construction, installation and commission (EPCIC)...

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KUALA LUMPUR, June 25 — Yinson Holdings Bhd’s net profit for the first quarter ended April 30, 2021 jumped to RM112.0 million from RM47.0 million in the same period a year earlier, driven mainly by the engineering, procurement, construction, installation and commission segment.

The energy infrastructure and technology company’s revenue for the first quarter also surged to RM992.0 million from RM344.0 million year-on-year, mainly due to contribution from EPCIC business activities related to FPSO Anna Nery. Yinson’s conversion of FPSO Anna Nery remained on track with a successful accumulation of more than 7.4 million man hours without any lost time injuries thus far.

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