Malaysia MISC Q4 net profit down 76 pct
KUALA LUMPUR |
KUALA LUMPUR May 11 (Reuters) - Malaysia's largest shipping company MISC Bhd (MISC.KL) reported a 76 drop in fourth-quarter net profit, hurt by the steep drop in container rates.
MISC, a unit of sovereign oil company Petronas PETR.UL, recorded January-March net profit of 181.8 million Malaysian ringgit against 764.5 million ringgit in the previous year.
For the full year, net profit dropped 42 percent to 1.4 billion ringgit.
(Reporting by Julie Goh; Editing by Loh Li Lian)
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