Malaysia Marine & Heavy Engineering Holdings (MMHE) saw a turnaround in the first quarter on the back of higher revenue from its ship repair and engineering divisions.
The Pair Gudang-based company achieved revenue of MYR 417.8m ($95.1m) with a pre-tax profit of MYR 2.7m in the three months to 31 March.
Repair and maintenance work was undertaken on 16 vessels during the period, leading to the ship repair division registering revenue of MYR 59.4m,
