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MISC Reports Increased Group Revenue | Hellenic Shipping News Worldwide
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Greek tech start up signs 300th vessel to cloud-based DA tool
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Greek Tech Start Up Signs 300th Vessel To Cloud-Based Disbursements Tool | Hellenic Shipping News Worldwide
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Tanker Operator MISC Group financial results for the first quarter of FY2021
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MISC group financial results for the first quarter of FY2021
MISC is pleased to announce its financial results for the first quarter ended 31 March 2021.
Financial Highlights:
• Group revenue for the quarter ended 31 March 2021 was higher than the corresponding quarter ended 31 March 2020.
• Group recorded profit before tax for the quarter ended 31 March 2021 compared to the loss in the corresponding quarter ended 31 March 2020 as the corresponding quarter included provision for litigation claims and write off of trade receivables and loss on re-measurement of finance lease receivables relating to the adverse decision on arbitration proceedings by Gumusut-Kakap Semi-Floating Production System (L) Limited (“GKL”) against Sabah Shell Petroleum Company Limited (“SSPC”).