MSC posts lower 2Q earnings
It said it will remain cautious and will continue to emphasise on business competitiveness.
Announcing its results for its second quarter ended June (2Q25) to Bursa Malaysia yesterday, MSC said it saw net profit falling 16.6% year-on-year (y-o-y) to RM13.9mil as revenue slid 7.7% to RM379mil.
For the six months ended June, net profit was down 38% y-o-y to RM21.7mil, as turnover edged lower by 3.2% to RM748.7mil. Aside from lower sales of refined tin, the group said a one-off additional tax assessment imposed on its mining subsidiary, Rahman Hydraulic Tin Sdn Bhd, was also a factor for the weaker income.
MSC has declared a dividend of four sen per share for the quarter.
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