PETALING JAYA: Marine & General Bhd
(M&G) has recorded an improvement in its revenue for the second quarter ended Oct 31, 2021 to RM54.11mil from RM47.57mil a year ago.
In a statement yesterday, the group said its upstream division continued to be the main revenue contributor during the quarter, generating 71% of the group’s revenue, while its downstream division generated the balance 29%.
The group also recorded lower loss before taxation of RM11.2mil in the current quarter compared to a RM23.8mil loss before the non-recurring gain of RM106.8mil on restructuring of debts recognised during the preceding year’s corresponding quarter.
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