Malaysia's MISC Group saw revenue for the second quarter ended 30 June 2016 fell 8% to MYR2.39bn ($592.8m) from the MYR2.60bn in the previous corresponding quarter, although net profit spiked to MYR1.35bn from MYR766.4m previously on a MYR847.3m...
Malaysian national shipowner MISC is jettisoning its logistics business which contributes only about 4% to revenue in a bid to consolidate its operations.
Malaysia's MISC saw first quarter earnings rise 55% to MYR795.4m ($198.1m) from MYR512.1m in the previous corresponding quarter on gains from associate companies, the shipping company said in a stock market announcement.