MISC Berhad saw its fourth-quarter profit drop 90% from a year due to an impairment charge on its shipping assets. Better results in its offshore segment were offset by AET Tankers, which is getting hit in the broad downturn in the oil tanker market.
The Kuala Lumpur-based conglomerate reported fourth-quarter net profit of MYR 47.1m ($11.95m) versus a MYR 499.7m
