Yinson sees 2Q numbers drop. Optimistic about new FPSO deals

Malaysian FPSO supplier Yinson saw its revenue and profit decline in the second quarter of 2019, but it is optimistic about near-term FPSO contract opportunities.

The company’s revenue for the quarter was 213 million Malaysian Ringgit, down from 246,5 million Malaysian Ringgit, a drop of around 13 percent.

Profit for the period fell more than 30 percent, coming in at 54,9 million Malaysian Ringgit, down from 80,3 million Malaysian Ringgit year ago.

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