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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

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)...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines