MHB trims net loss to RM270 41mil in FY21 thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
MMHE to save RM30m in power bills with solar power thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
(MHB) posted a net loss of RM104.35mil in the first quarter ended March 31 against a net profit of RM6.13mil in the same period a year ago.
The lower earnings was mainly due to operating losses recorded by both its marine and heavy engineering segments.
Its revenue in the first quarter fell to RM343.57mil from RM346.43mil last year mainly due to lower revenue in the marine segment partially offset with the higher revenue from the heavy engineering segment.
The heavy engineering segment posted a higher revenue of RM304.2mil against RM226.8mil reported in the corresponding quarter mainly due to increased activities in ongoing projects.
MMHE to Build Offshore Platform, Pipeline for aogdigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aogdigital.com Daily Mail and Mail on Sunday newspapers.
MMHE to Build Offshore Platform, Pipeline for SapuraOMV s Jerun Field
Posted 15/04/2021 10:55
Malaysia s offshore energy infrastructure construction firm Malaysia Marine and Heavy Engineering (MMHE) has won a contract from SapuraOMV to build and install a platform and pipelines for the oil company s SK408W Jerun Development Project, offshore Sarawak, Malaysia.
The contract is for the construction of an approximately 15,000-metric tonne (MT) topside, 10,000 MT jacket, and 5,000 MT piles of Central Processing Platform (CPP).
It also includes the design engineering of a 30-inch carbon steel pipeline with a length equivalent to 80 kilometers distance from the Central Processing Platform to the existing E11R-B platform to commingle with the existing trunkline to Petronas Malaysia LNG Plant in Bintulu, Sarawak.