SapuraKencana sees five-fold jump in Q1 earnings

PETALING JAYA: SapuraKencana Petroleum Bhd posted a five-fold jump in net profit to RM509.42mil in the first quarter ended April 30 from RM93.67mil recorded last year, helped mostly by a buying spree in its drilling and energy services arms.

The oilfield services giant declared a dividend of 2.35 sen, comprising a special dividend of one sen per share and interim dividend of 1.35 sen per share. Both payouts will go ex on July 2.