KUALA LUMPUR: CIMB Equities Research said SapuraKencana Petroleum’s FY1/15 record core net profit met expectations at 101% of its forecast and 103% of consensus, fuelled mostly by contributions from SapuraKencana Energy Inc (SKEI) and Seadrill assets.
“But the company is in for more challenging times this year given the low oil price environment that is far from ideal for SKEI,” it said on Wednesday.
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