Yinson’s 2Q FY2025 Net Profit Falls To RM203 Mln
KUALA LUMPUR, Yinson Holdings Bhd posted a lower net profit of RM203 million during the second quarter (2Q) ended July 31, 2024 (FY 2025), compared with RM230 million in the same quarter last year. Revenue was also down to RM2.14 billion from RM3.11 billion previously, mainly due to lower contributions from engineering, procurement, construction, installation and commissioning (EPCIC) business activities. In a Bursa Malaysia filing, Yinson said this is a result of lower reported progress for the group’s floating production storage and offloading (FPSOs) under construction in the current quarter. For the first half (1H) of FY 2025, the group