MISC Berhad engages in ship owning, operating, and other related activities worldwide. It operates through three segments: Energy Related Shipping, Other Energy Businesses, and Non-Shipping and Others. The company engages in the provision of liquefied natural gas (LNG), petroleum tanker, and chemical tanker services; and operation and maintenance of oil and petrochemical products at storage terminals, and offshore floating terminals, as well as in marine repair, marine conversion, and oil and gas engineering and construction works. It also offers integrated logistics services comprising project cargo logistics, freight forwarding, transportation, warehousing, supply chain management, duty an...
Jalan Sultan Hishamuddin
Kuala Lumpur, 50050
Founded in 1968
MISC Berhad Mulls Acquisitions
Aug 22 15
MISC Berhad (KLSE:MISC) is seeking acquisitions. MISC Bhd has ended a partnership with Vitol Group, selling its 50% stake in a joint-venture company to the latter for $830 million in cash. Yee Yang Chien, President and Chief Executive Officer of MISC Bhd, said, “MISC plans to use the proceeds from the stake sale to partially repay borrowings, fund capital expenditure, and undertake opportunistic acquisitions and investments for future growth.”
MISC Berhad Approves First Interim Tax Exempt Dividend for the Financial Year 2015, Payable on September 2, 2015
Aug 4 15
The Board of Directors of MISC Berhad has approved a first interim tax exempt dividend of 7.5 sen per share against 4 sen a year ago, in respect of financial year 2015 amounting to MYR 334.8 million against MYR 178.6 million. The proposed dividend will be paid on September 2, 2015 to shareholders registered at the close of business on August 20, 2015.
MISC Berhad Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 4 15
MISC Berhad reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of MYR 2,600,472,000 compared to MYR 2,538,633,000, operating profit of MYR 672,052,000 compared to MYR 382,336,000, profit before tax of MYR 772,571,000 compared to MYR 344,563,000, profit attributable to owners of the corporation of MYR 745,186,000 or MYR 16.7 per basic and diluted share compared to MYR 288,084,000 or MYR 6.5 per basic and diluted share a year ago.
For the six months, the company reported revenue of MYR 5,090,740,000 compared to MYR 4,829,175,000, operating profit of MYR 1,135,625,000 compared to MYR 886,612,000, profit before tax of MYR 1,284,423,000 compared to MYR 872,433,000, profit attributable to owners of the corporation of MYR 1,231,496,000 or MYR 27.6 per basic and diluted share compared to MYR 774,480,000 or MYR 17.4 per basic and diluted share a year ago. Net cash generated from operating activities was MYR 1,885,029,000 against MYR 1,438,917,000 a year ago. Purchase of ships, offshore floating assets and other property, plant and equipment was MYR 1,712,072,000 against MYR 938,265,000 a year ago.