The Edge Online – Orkim posts RM24m profit for 1Q, sees limited impact from global shipping risks

KUALA LUMPUR (May 12): Orkim Bhd (KL:ORKIM), which posted a net profit of RM24.11 million for the first quarter, said it is less affected by global shipping disruptions because it mainly operates in Malaysia and nearby regional routes, rather than long-haul international trade.

The Edge Online – Orkim posts RM24m profit for 1Q, sees limited impact from global shipping risks

KUALA LUMPUR (May 12): Orkim Bhd (KL:ORKIM), which posted a net profit of RM24.11 million for the first quarter, said it is less affected by global shipping disruptions because it mainly operates in Malaysia and nearby regional routes, rather than long-haul international trade.

That said, the group continues to monitor such risks under its risk management framework and remains cautiously optimistic for the rest of FY2026, supported by stable charter contracts and sustained demand for clean petroleum product (CPP) and liquefied petroleum gas (LPG) transportation.

The group’s revenue stood at RM88.03 million for the first quarter ended March 31, 2026 (1QFY2026), its filing with Bursa Malaysia showed…

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