MISC second quarter profits up 14.7%
Malaysia International Shipping Corp. Berhad recorded a pre-tax profit of $175.1 million for the quarter ending Sept. 30, a 14.7 percent climb over the corresponding quarter in 2004, the company said Monday.
Year-to-date profits before tax were up 8.9 percent to $340.5 million. MISC attributes the improved results to lower depreciation and fleet manning cost arising from the disposal of vessels this year, as well as MISC's heavy engineering arm returning to profitability.
MISC second quarter profits up 14.7%
