Yinson Holdings Bhd, a global energy infrastructure and technology company, in announcing its financial results for the second quarter ended July 31, 2023 said the group reported a higher revenue of RM3.11 billion compared to Q1 FY24’s revenue of RM3.02 billion.
The lower contribution from EPCIC business activities mainly arose from lower reported progress for FPSO Agogo and FPSO Maria Quitéria. The actual progress of their projects under construction is in line with the group’s expectations. For the YTD Q2 FY24, revenue increased by 134% to RM6.13 billion as compared to RM2.63 billion in YTD Q2 FY23, which was mainly due to higher contribution from EPCIC business activities .
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