Yinson active, down 1.45% after fall in 1Q earnings

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KUALA LUMPUR (June 27): Yinson Holdings Bhd shares fell 1.45% in active trade this morning after its net profit in its first quarter ended April 30, 2019 (1QFY20) fell 17.5% to RM49.85 million from RM60.43 million in the same quarter last year, as it accounted for a higher portion of profit to non-controlling interests.

At 9.10am, Yinson fell 9 sen to RM5.10 with 18.03 million shares traded for a market capitalisation of RM6.67 billion.

Quarterly revenue was down 11.13% to RM209 million from RM235.18 million last year, as lower contribution from the offshore and marine segment offset the topline gains from other operations.