A liner recovery and increased profitability of its heavy engineering business sent MISC Berhad’s profit booming in the second quarter.
The Malaysian diversified shipowner said it expects to see freight rates improve on last year’s lows but warned that the shipping landscape remains “challenging”.
Kuala Lumpur-listed MISC had to contend with much reduced revenues as lower costs buoyed the bottom line.
Sales dropped from MYR 3.53bn
