PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE), which posted a net loss of RM397.02mil in the second quarter ended June 30, will continue to focus on cost management to optimise its operating cost.
Managing director and CEO Wan Mashitah Wan Abdullah Sani said the company will also continue to pursue business opportunities in other segments in an effort to replenish its order book.
While the oil price has rebounded modestly on further Opec+ production cuts and resumption of economic activity from the easing of worldwide Covid-19 pandemic lockdowns, she expects the oil market revival to be slow and gradual with demand not expected to reach pre-pandemic levels for the foreseeable future.
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