{
  "id": 2336454,
  "title": "MMHE Q2 earnings jump six-fold on heavy engineering boost",
  "url": "https://urgent.news/2026/08/21/mmhe-q2-earnings-jump-six-fold-on-heavy-engineering-boost",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T07:33:41.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1515919/mmhe-q2-earnings-jump-six-fold-heavy-engineering-boost"
  },
  "original_language": "en",
  "account": "Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) reported a significant increase in net profit for the second quarter of its financial year 2026 (Q2 FY26), with a six-fold jump to RM60.59 million, compared to RM10 million in the same period last year. Revenue also surged 128.6 per cent to RM986.7 million, up from RM431.57 million. For the first half of FY26, MMHE's net profit reached RM74.9 million, up from RM22 million a year earlier, while revenue grew by 70 per cent to RM1.5 billion from RM884.7 million.\n\nThe company attributes its strong performance to the heavy engineering segment, which is strategically focusing on securing quality orders in both conventional and new energy sectors, both domestically and internationally. Despite global energy industry outlook being dynamic due to geopolitical and economic uncertainties, MMHE anticipates that selective investments in upstream developments and energy infrastructure will bolster industry activity and create opportunities.\n\nThe heavy engineering segment aims to maintain a balanced portfolio while ensuring strong project execution discipline. MMHE's ship trading, docking, and repair operations have been impacted by geopolitical conflicts in the Middle East. However, the company remains optimistic about long-term marine repair demand, driven by LNG carrier dry-docking requirements and the growing importance of the LNG value chain.\n\nMMHE plans to strengthen its presence in targeted market segments, positioning itself to capitalize on changing regional shipping patterns and emerging market opportunities. The company is also progressing steadily with yard modernisation efforts to enhance productivity, operational efficiency, and competitiveness, supporting its long-term growth prospects and ability to deliver value-added solutions to clients.",
  "summary": "KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) posted a stronger net profit in the second quarter of financial year 2026 (Q2 FY26), driven by a higher contribution from its heavy engineering segment.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}