MISC Berhad (MISC.KL) Income Statement Analysis – Financial Results

About MISC Berhad

MISC Berhad provides energy-related maritime solutions and services worldwide. The company operates through LNG (liquefied natural gas) Asset Solutions, Petroleum & Product Shipping, Offshore Business, Marine & Heavy Engineering, and Others segments. It owns and operates LNG carriers; petroleum and chemical tankers; and floating storage and offloading, and mobile offshore production units; and semi-submersible floating production systems. The company is also involved in the provision of marine and heavy engineering services, including engineering, procurement, construction, installation, and commissioning services for offshore and onshore construction; and marine repair and conversion works. In addition, it offers maritime education and training services for seamen and maritime personnel; port and terminal services; marine transportation; integrated marine services; and crew management and dry docking of marine vessels services. Further, the company operates and manages the Sungai Udang Port; and owns properties. As of February 17, 2022, it operated a fleet of approximately 100 owned and in-chartered comprising of LNG, petroleum, and product vessels; floating production systems; and LNG floating storage units with a combined deadweight tonnage capacity of approximately 13 million tonnes. The company was incorporated in 1968 and is headquartered in Kuala Lumpur, Malaysia. MISC Berhad operates as a subsidiary of Petroliam Nasional Berhad.