MMC Corp posts higher 2Q net profit of RM77.36m


Port of Tanjung Pelepas -- Due to various operational improvement initiatives and consistency in productivity, PTP recorded a higher volume of 58,909 TEUs in the first half 2020.

KUALA LUMPUR: MMC Corporation Bhd registered a 15% increase in its net profit at RM77.36mil for the second quarter ended June 30,2020 from RM67.22mil a year ago.

The utilities and infrastructure group reported on Monday the net profit was boosted by the Port of Tanjung Pelepas (PTP), higher contribution from Johor Port Bhd and Malakoff Corporation Bhd.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit likely to continue uptrend next week, trading at 4.28-4.29 against US dollar
China-Malaysia bilateral trade surges to US$117.52bil in first 7 months of 2024
Hype or real business impact?
What next after simmering summer?
Making history or repeating it?
Balancing risk and reward in the new PPP master plan
A ritzy Interval before take-off
Out with the old
Changes needed in nation’s push for net zero
Smooth transition of assets to the next generation

Others Also Read