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NewsMISC slides on one-off US$400m charge
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MISC slides on one-off US$400m charge
by hlk Fri 25 Nov 2011, 19:33
MISC Bhd, the world’s largest owner-operator of liquefied natural gas tankers, fell to a six-week low after saying it will incur a US$400 million charge this year from a move to stop operating container vessels.
The stock slid 1.8 percent to RM6.02 at 9:06 a.m. local time in Kuala Lumpur, set for its lowest close since Oct. 12.
The one-off charge will result in MISC making a loss for its financial year ending Dec. 31, it said in a statement yesterday.
-- Bloomberg
The stock slid 1.8 percent to RM6.02 at 9:06 a.m. local time in Kuala Lumpur, set for its lowest close since Oct. 12.
The one-off charge will result in MISC making a loss for its financial year ending Dec. 31, it said in a statement yesterday.
-- Bloomberg
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