KUALA LUMPUR: A jump in contribution from its port operations boosted MMC Corp Bhd 's earnings in the first quarter. Net profit in the three-month ended March 31 rose 29.4% to RM53.5mil compared with RM41.3mil made a year ago. "These were moderated by consolidation of Penang Port Sdn Bhd (PPSB) revenue and higher volume handled at Pelabuhan Tanjung Pelepas (PTP)," it said. Profit before zakat and taxation jumped by RM36.9mil to RM103.9mil due to higher contribution from Johor Port Bhd and Northport Malaysia Bhd, as well as full consolidation of PPSB’s result. "The energy & utilities division is expected to contribute positively from the group’s associated companies, namely Malakoff and Gas Malaysia," it said.

Source: The Star May 28, 2019 09:45 UTC