Petra Energy profit after tax profit up 56.6% to RM11.64m

KUALA LUMPUR: Petra Energy Bhd’s earnings jumped 56.6% to RM11.64mil in FY ended Dec 31, 2013 from RM7.43mil in FY12 despite lower revenue.

It said on Tuesday revenue declined 24.6% to RM492.8mil from RM654.1mil due to lower contribution from the integrated brown field maintenance and engineering services segment.