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Wednesday November 4, 2009
Higher earnings for Scomi Marine
KUALA LUMPUR: Scomi Marine Bhd reported a 25.1% increase in net profit to RM25.52mil on revenue of RM116.11mil for the third quarter ended Sept 30.
The company attributed the improved profit margin to the lower operating expenses, including bunker costs.
In a statement, it said revenue dropped 4.6% to RM116.108mil from RM121.66mil in the previous corresponding quarter.
President Mukhnizam Mahmud said the long-term fundamentals of the oil and gas and coal industries were still intact. — Bernama
SCOMIMR : [Stock Watch] [News]
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