MISC reports RM1.74b profit loss

Publish date: Thu, 23 Feb 2012, 10:07 AM
MISC Bhd, an owner-operator of liquefied natural gas tankers, fell 1.7 per cent to RM5.70 as of 9:50 a.m. in Kuala Lumpur, headed for its lowest close since Jan. 3.

The company reported a quarterly loss of RM1.74 billion compared with a profit of RM1.38 billion a year earlier, due to provisions from its decision to exit the liner business, it said in an exchange filing. -- Bloomberg

Labels: MISC

Discussions
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lotsofmoney

Profit is profit , loss is loss, what is profit loss ? unrealised profit ?

2012-02-23 14:19

Raymond Tiruchelvam

typo error... :-)

2012-02-25 00:58

blugz83

Is it a good time to buy misc? They are going to fully exit from liner business on june 2012 isnt it? This liner business always gave profit loss..

Plus extra capital from selling off the cargo and shipment equipment from the liner..does it will boost the market price..

I am planning to buy for medium term investment.. Is it ok..

Thanks

2012-02-26 11:55

ryan wong

Wait for another bad news 1st quarter 2012.. i think holdon until the air is clearer. petronas also cautious on this year profit.
PCHEM also is going south... u can check on their rating.. may be good time to invest after june.

2012-03-08 18:08

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