What was otherwise a banner financial year for Malaysian shipping giant MISC Berhad has been tempered by impairments and provisions for litigation claims.

Gumusut-Kakap litigation provisions push MISC to $267.7m loss
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The Kuala Lumpur-headquartered company announced on Thursday that it made a gross profit of MYR 2.88bn ($712m) last year, up from MYR 2.74bn