Marine & General Berhad announced its results for the quarter ended 31 October 2024, reporting a revenue of RM93.1 million, representing a 1.3% improvement compared to the revenue recorded in the preceding year corresponding quarter. The Group recorded a revenue of RM184.3 million for the cumulative 6-month period, a 4.4% improvement over the RM176.5 million revenue recorded during the previous corresponding 6-month period.

Fleet utilisation for Upstream and Downstream Divisions during the quarter was 75% and 77% respectively as compared to 81% and 91% respectively recorded in the preceding year corresponding quarter. The Upstream Division continued as the main revenue contributor, generating 84% of the Group's revenue for the quarter, while the Downstream Division generated the balance 16%.

In line with the improved revenue, the Group recorded a profit before taxation of RM18.3 million, representing a 52.4% increase from the RM12 million profit recorded in the preceding year corresponding quarter. PAT on the other hand was RM12 million a big jump from RM8 million recorded in the previous year's quarter.

For the cumulative 6-month period, fleet utilisation for Upstream and Downstream Divisions during the quarter was 76% and 84% respectively as compared to 79% and 88% respectively recorded in the preceding year corresponding period. The Upstream Division remained as the main revenue contributor, generating 81% of the Group's revenue for the cumulative 6-month period, while the Downstream Division generated the balance 19%. The Group recorded a profit before taxation of RM35.8 million for the cumulative 6-month period, representing a 53% increase from the RM23.4 million profit recorded in the preceding year corresponding period.